For Sale · Hospitality

11950 Postill Lake Road, Kelowna

11950 Postill Lake Road, Kelowna, BC V1P1A2

$1.3M total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

82%

Year Built

1940

Lot Size

7.81 ac

About this property

Postill Lake Lodge is a 13-unit lakefront cabin and cottage resort with a 34-site RV and camping area on Postill Lake, Kelowna, BC, offered as a share sale. The 7.808 acre site is leased land from the BC government, with about 24 years remaining on the lease. Accommodation is 6 cottages with hot and cold water, toilet and shower, 3 standard cabins with cold water and flush toilet, and 4 rustic cabins with no running water, plus a central wash house, main lodge, boat launch and dock. The main lodge, built in 1947, serves as the office, store and owner's residence. Of the 34 RV and camping sites, most are seasonal, with 2 marketed for nightly rental. Cabin 12 and Cabin 16 generate additional revenue outside the 13 unit nightly pool. The resort runs fully off grid on solar-charged battery power, with a diesel generator for backup, and there are no municipal utility connections. Recent capital upgrades since 2024 , including new docks, expanded solar and battery capacity, and equipment purchases. Included in the sale are a skidsteer, excavator, dump trailer and a full watercraft fleet of boats, canoes and kayaks. Financial statements, the operating proforma and the full confidential information package are provided upon execution of an NDA. Call your agent. No direct contact with the property or ownership. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.30M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$65K

Annual cash flow

$-7K

Cash-on-cash

-1.75%

DSCR

0.91

Going-in cap

5.02%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

132,295

Households

52,570

Median income

$92,000

Median age

45.9

Daytime population

122,547

5-yr growth

8.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 11950 Postill Lake Road, Kelowna.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.