For Sale · Hospitality

1045 Highway 97, Okanagan Falls

1045 Highway 97, Okanagan Falls, BC V0H1R4

$3.1M total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

87%

Lot Size

0.59 ac

About this property

Rare opportunity to acquire a fully leased hospitality investment in the heart of Okanagan Falls. This established 18-room hotel and restaurant has been a fixture in the community for years and offers immediate income with an existing lease in place. Situated on a 0.589-acre parcel with outstanding frontage on Highway 97, the South Okanagan's primary transportation corridor, the property benefits from excellent visibility and year-round exposure. The hotel rooms have been recently renovated with updated furnishings, enhancing the property's appeal and long-term value. With Okanagan Falls expected to become an incorporated municipality in October 2026, the community is entering an exciting period of growth and investment. Highlights: • Fully leased investment property with immediate cash flow • Established hotel and restaurant • 18 renovated guest rooms • 0.589-acre site • Prime Highway 97 location with excellent exposure (id:66811)

Financial sandbox

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Estimate
Purchase price$3.08M
Down payment30% · $924K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$173K

Annual cash flow

$2K

Cash-on-cash

0.27%

DSCR

1.01

Going-in cap

5.62%

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

73,555

Households

27,414

Median income

$117,000

Median age

35.2

Daytime population

77,805

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 1045 Highway 97, Okanagan Falls.

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.