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Jeremy Engstad

kelownarealestateinfo@gmail.com +1(250) 275-4737

$2,279,000

Est. payment - /mo

1 Bed

1 Bath

884 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Building Type House

Listing Status Active

Purchase Type For Sale

Approx. Sqft 884

Square Footage 884 sqft

Price per Sqft $2,578

Subdivision Joe Rich

MLS® Listing ID 10395082

Style Cabin,Cottage

Bedrooms 1

Year Built 1984

Lot Size 12.550 Acres

Acres 12.55

Property Sub-Type Freehold

Property Description

Turnkey income-producing property with established business operations and significant expansion potential. 1230 Philipott Road is a rare opportunity to acquire a revenue-generating acreage already performing as a short-term rental and event-based business, with financials available to qualified buyers. Generating approximately $125,000 annually from cabin rentals alone, with over $81,000 in confirmed bookings and projected income exceeding $150,000 this year. The property is improved with five cabins, 15 serviced RV sites, upgraded water infrastructure, and new septic systems, creating multiple stable revenue streams. The property is ideally suited for weddings, retreats, and private events, featuring a dedicated outdoor venue space with bar service area and seating capacity for up to 200 guests. Event revenue potential ranges from $10,000–$20,000 per booking, with active inquiries already in place. Additional infrastructure includes a large shop, multiple access points, full perimeter fencing and gating, irrigation, lighting, and ample on-site parking for 50+ vehicles—supporting both current operations and future growth. This offering is best suited for investors or owner-operators seeking a commercial-style asset with diversified income streams, including accommodations, RV rentals, events, and ancillary revenue opportunities such as storage, agricultural use, and service-based add-ons. Proven performance and the potential to exceed $250,000+ annually. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Second level 18'3'' x 10'1'' Primary Bedroom

Extra Room 2 Main level 5'6'' x 10'7'' Full bathroom

Extra Room 3 Main level 9'8'' x 12'2'' Kitchen

Extra Room 4 Main level 8'5'' x 12'2'' Dining room

Extra Room 5 Main level 18'1'' x 11'10'' Living room

Interior

Heating Baseboard heaters, , Stove, See remarks

Fireplaces Number 1

Fireplaces Type Free Standing Metal

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

Community Features Rural Setting

View Y/N Yes

View Mountain view, Valley view, View (panoramic)

Roof Type Unknown

Attached Garage No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Story 2

Sewer No sewage system, Septic tank

Architectural Style Cabin, Cottage

Others

Ownership Freehold

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Listed by Century 21 Assurance Realty Ltd

NEARBY SCHOOL & BUSINESS

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Jeremy Engstad

+1(250) 275-4737

Agent

1230 Philpott Road Kelowna, BC V1P1J7

Jeremy Engstad

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION