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$1.3M total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
96%
Lot Size
0.32 ac
Overlooking Cold Lakes Marina, the brand new Boardwalk Promenade on Lakeshore Drive, and stunning views of one of Alberta’s most beautiful and clean lakes, stands the Waterfront Harbour Bed & Breakfast. Beautifully landscaped and complete with a plum tree, two apple trees, and a crabapple tree. In 2018 the Waterfront Harbour was named one of Trivago’s top 10 Bed and Breakfasts in Canada. With over 4,600 square feet, the Waterfront Harbour has a total of 9 bedrooms, 8 bathrooms, two kitchens, two dining rooms, multiple living area spaces, and three outdoor patios/decks. Pride of ownership shines through with beautiful custom cabinetry, impeccable upkeep, and polished hardwood and ceramic flooring.The Waterfront Harbour Bed & Breakfast features 5 guest suites with private bathrooms as well as a large 2 bedroom / 2 bathroom suite with full kitchen, presently used as the owner’s suite: -Main floor guest suite with private bathroom and direct access to the front deck -2 Bedroom / 2 Bathroom Suite with full kitchen in the rear of the main level -Three 1 bedroom guest suites (all with private bathrooms) on the second floor - two with access to the upper deck, overlooking Cold Lake -3 bedroom guest suite on the 3rd level with private bathroomCompleting the property is a 4-car detached garage and tons of additional outside parking. This is an incredible opportunity to own a landmark property in Cold Lake and live and work on the lake! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$103K
Annual cash flow
$30K
Cash-on-cash
7.48%
DSCR
1.40
Going-in cap
7.78%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
67,765
Households
30,423
Median income
$112,000
Median age
45.8
Daytime population
101,746
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 607 Lakeshore Drive, Cold Lake.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.