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507 SKAHA HILLS Drive

$8,100,000 | 0 Beds | 0 Baths | 9,088 Sq.Ft.
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507 SKAHA HILLS Drive

MLS #201793

Property Description

Nestled in the hillside overlooking Skaha Lake, situated amongst one of the most attractive collections of luxury homes in South Okanagan, Play Estate Winery offers immense value. The property contains four parcels totaling 15.59 acres and is on a 99 year lease. The 9088sqft commercial building which was built in 2016, includes the winery, a wine shop, a tasting lounge, 100 seat indoor/outdoor luxurious restaurant, wine barrel, storage and production space built to produce 10,000 cases of wine a year, and is on a 3 acre parcel that is prepaid for 99 years. The 12 acre vineyard has minimal ground lease and is also on a 99 year lease with the vines producing 350 tons of assorted grapes. There is room to expand as the winery has been built to accommodate an additional story for banquet space or four large apartments. Further, there is potential to build a bed and breakfast facility of 30 or more rooms. Currently, this property is priced $1 million + under an independent appraisal and is an opportunity that can’t be missed! (id:47466)

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Price:$8,100,000
MLS® Number:201793
Full Address:507 SKAHA HILLS Drive, Penticton, British Columbia, V2A0A9
Built In:2016
List Date:November 1st, 2023
Lot Size:15.590 ac|10 - 50 acres

Property Specifications

Storeys:2
Ownership Type:Leasehold
Utility Sewer:Septic tank
Water Service:Municipal water
Total Finished Area:9088 sqft
Zoning:Agricultural

Building Features

View:Unknown, City view, Lake view, Mountain view, Valley view
Amenities Nearby:Adult Oriented, High Traffic Area

Other

Square Footage:9088 sqft

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Agent: Jill Jennex | Office: Parker Real Estate
Multiple Listing Service (MLS) trademark® The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.

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