4200 Highway 23 South Highway S Discover a rare and versatile investment opportunity just 15 minutes south of Revelstoke. This stunning waterfront property offers approximately 2, 600 feet of river and seasonal lake frontage along the majestic Columbia River. Formerly operated as a fully functioning bed & breakfast, the property features an existing lodge complete with a pool and established camping sites, ready for revitalization or reimagining. The property includes access to a spectacular 300-foot waterfall, along with an existing (currently non-operational) hydroelectric plant and associated water rights on Mulvehill Creek, offering intriguing possibilities for future development or sustainable energy projects. Surrounded by breathtaking views and peaks the area is renowned for world-class heli-skiing, snowmobiling, and ski touring. Revelstoke Mountain Resort is just a 25-minute drive away, offering premier skiing and snowboarding, while the future Cabot Revelstoke adds appeal for golf enthusiasts. Enjoy year-round recreation with nearby sledding areas, mountain biking trails, and rock climbing. The waterfront invites fishing, paddle boarding, and swimming in the glacier-fed waters the Columbia River, creating an unmatched outdoor lifestyle experience. With flexible Commercial Resort Zoning and incredible natural assets, the opportunities are truly endless whether envisioned as a boutique resort, adventure lodge, wellness retreat, event destination, or private estate. (id:203)