RICHTER PASS MOTOR INN

RICHTER PASS MOTOR INN
COAL HARBOUR
Realty Advisors Inc.
7506 MAIN STREET, OSOYOOS, BC
SUBJECT
RICHTER PASS MOTOR INN
7506 MAIN STREET, OSOYOOS, BC
THE OFFERING
• Waterfront Redevelopment Site
• Stunning 360° Views of Osoyoos Lake
• Approximately 210 ft of Sandy Beach Lake Front
• Holding Income from 35 Unit Motel
LOCATION
Coal Harbour Realty Advisors is pleased to present for sale the Richter Pass Motor Inn located in the beautiful resort town of
Osoyoos, British Columbia. Richter Pass Motor Inn is an extremely well located lodging asset on one of the most desirable
beach fronts of Osoyoos Lake. Situated at the southern most end of the Okanagan Valley in Canada’s only desert climate
and bordering the United States, Osoyoos capitalizes on its natural geographic assets and is rapidly developing into a four
season resort community.
The South Okanagan tourism area generates approximately 350,000 visitors a year with direct visitor expenditures estimated at $59 million annually. The area’s tourism products include wineries, agri-tourism activities, Aboriginal culture, golf,
winter and summer outdoor adventure activities and numerous festivals and events. Millions of dollars are being spent on
new and renovated accommodation, recreation, amenity, and service industry developments in the South Okanagan.
For further information, please contact:
Marty Dohm
Coal Harbour Realty Advisors Inc.
604-609-6091
[email protected]
E. & O.E. All information while supplied by owner and from other sources deemed reliable, it is not in any way warranted by Coal Harbour Realty Advisors Inc.
RICHTER PASS MOTOR INN
7506 MAIN STREET, OSOYOOS, BC
Civic Address
7506 Main Street, Osoyoos, British Columbia V0H 1V0
Local Map
Legal Description
PID: 002-163-632, 002-163-691, 002-163-616
Lot 29 District 40 Similkameen Division Yale District Plan 3136 & Lot 30 District 40 Similkameen Division Yale District Plan 3136 & Lot 1 District 40 Similkameen Division Yale District
Plan 3531
Site Description
The subject property consists of four legal parcels located along Osoyoos Lake with a total
of approximately 210 feet of sandy beach lake front.
Improvements
The property consists of two motel buildings and a restaurant, which is currently used as an
activity room. There are a total of 35 motel rooms, one manager’s suite, an office and staff
room within the two motel buildings. In 2005 & 2009, all motel units underwent significant
renovations. Given the property is situated on an isthmus there are 360° views of Osoyoos
Lake helping make it an ideal property for redevelopment either within the existing zoning
or through rezoning.
Zoning
Tourist Commercial (C-4) which allows for a variety of tourist accommodations, shops
and restaurants and recreational commercial activity.
Regional Map
Total Site Size
+/- 0.867 acres
2012 Property Assessment
Land $1,982,000
Improvement
Total $1,009,200
$2,991,200
Asking Price
$2,500,000.00
For further information
please contact:
Marty Dohm
Coal Harbour Realty Advisors Inc.
604-609-6091
[email protected]
E. & O.E. All information while supplied by owner and from other sources deemed reliable, it is not in any way warranted by Coal Harbour Realty Advisors Inc.