Strong pace continues in Penticton's motel real estate sales | iNFOnews.ca
The Log Cabin Motel in Penticton recently sold for more than $2 million, the fourth motel sale in the Peach City this year. Google Maps Streetview

Strong pace continues in Penticton’s motel real estate sales

PENTICTON – It’s been a banner year for motel sales in the Peach City.

The Western Investor reported the Log Cabin Motel sale was announced Dec. 20 at a price of $2.9 million by the Green Kinash Real Estate Group.

The 36-unit motel sits on 1.92 acres, located at 3287 Skaha Lake Rd., a block away from Skaha Beach.

The property had an assessed value of $2,228,000 according to the 2016 B.C. Assessment valuation.

The Log Cabin sale is the fourth motel in Penticton to change hands this year. The Slumber Lodge, Jubilee Motel and Super Eight Motel sold earlier this year. The Super Eight Motel was purchased by the B.C. Housing Authority for use as shelter for the homeless.

NAI Commercial Okanagan property listings currently lists three other Penticton motels for sale, including the Rochester Resort Motel at 970 Lakeshore Dr. at $2,975,000, the Beachside Motel at 3624 Parkview St. for $3,495,000, and the Spanish Villa Resort at 890 Lakeshore Dr. for $5,900,000.

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Steve Arstad

By Steve Arstad

I have been looking for news in the South Okanagan - SImilkameen for 20 years, having turned a part time lifelong interest into a full time profession. After five years publishing a local newsletter, several years working as a correspondent / stringer for several local newspapers and seven years as editor of a Similkameen weekly newspaper, I joined iNFOnews.ca in 2014. My goal in the news industry has always been to deliver accurate and interesting articles about local people and places. My interest in the profession is life long - from my earliest memories of grade school, I have enjoyed writing.
As an airborne geophysical surveyor I travelled extensively around the globe, conducting helicopter borne mineral surveys.
I also spent several years at an Okanagan Falls based lumber mill, producing glued-wood laminated products.
As a member of the Kaleden community, I have been involved in the Kaleden Volunteer Fire Department for 22 years, and also serve as a trustee on the Kaleden Irrigation District board.
I am currently married to my wife Judy, of 26 years. We are empty-nesters who enjoy living in Kaleden with our Welsh Terrier, Angus, and cat, Tibbs.
Our two daughters, Meagan and Hayley, reside in Richmond and Victoria, respectively.

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