7414 97 Street. Osoyoos, British Columbia V0H1V5
$1,875,000 $[price]/m
- 7,500 SqFt
- $250.00 / SqFt
- Neighbourhood: Osoyoos
- HOA: N/a
- MLS® #: 10370254
- Year Built: 1956
Tyler Zeeman
Referral Partner
Questions? Call: (778) 721-5551
Description
Opportunity to purchase the Boundary Motel, a unique investment opportunity in the Osoyoos area of the South Okanagan! This prime 1.72-acre property in Osoyoos offers a unique investment opportunity with multiple income streams. The property includes a 14-room motel, a 6-plex, and 7 mobile home pads. The motel and 6-plex are zoned C1 (Highway Commercial) while RSM (Residential Manufactured Home Park) zoning encompasses the manufactured home section. The site is serviced by city water and sewer and is located in a high-traffic area along Highway 97 to the South of the primary town of Osoyoos. At the asking price, the property is offered at a 6.95% cap rate, which includes a manager's salary as an expense. For the right investor, this could be an opportunity to continue the existing cash flow of the property and take advantage of lowering interest rates, all being possible without running the motel in a ""hands-on"" way. Several opportunities exist to further increase the property's income stream. Modernizing booking systems, leveraging high season pricing, and renovating the motel, to name a few. Likewise, there is an upside for the manufactured home rents to be increased with tenant turnover. The manufactured homes themselves are not included as assets; they are owned by the tenants. Properties with three separate revenue streams do not often come to market. (id:6289)
7414 97 Street - Subdivision Statistics
| Avg. asking price | $688,160 |
| Price per sq. ft. | $413 |
| Median price | $499,997 |
| Number of homes for sale in Osoyoos | 316 |
| Number of homes for sale in Osoyoos | 409 |
| Avg. Days on Market | N/A |
Essential Information
- Listing #10370254
- Price$1,875,000
- Bathrooms0.00
- Square Footage7,500
- Acres1.72
- Year Built1956
- TypeHospitality
- Sub-TypeOther
Amenities
- UtilitiesNatural Gas, Sewer, Water
Community Information
- Address7414 97 Street
- SubdivisionOsoyoos
- CityOsoyoos
- ProvinceBritish Columbia
- Postal CodeV0H1V5
Interior
- Interior FeaturesDrywall
- HeatingBaseboard heaters
