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$2.5M total
—
Asset Class
Hospitality
Size
—
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
95%
Year Built
2005
Lot Size
2.28 ac
Pleased to offer a turn-key Motel business, New Horizen Motel, in this infamous Christina Lake! Opportunity awaits in this well maintained 24-unit motel with 7 RV + sties on two separate lots totalling 2.28 Acres. This one is perfect if you want to enjoy maximizing profits, awaiting for future potential. Great exposure to Transcanada highway with lots of room to expand. 5 or more RV sites can be added. Two buildings on two separate lots; 15 unit two storey building built in 2005 and 9 unit single storey building at the front with a 2 bed manager's suite. The newer 15 unit building offers unique and versatile accomodation options with all units have have access to private kitchen/dining/patio. Two units can be combined through kicthen and dining area offering perfect accomodation for large groups on vacation. One accessible unit is included. The 9 unit front building includes one bedroom and studio suites, breakfast room, and a 2 bed manager's suite. Amenities include Children’s play area, Breakfast Area with patio. Walking distance to the beach. The warmest Lake in Canada, Christina Lake, offers great tourism opportunities for resurgance of this beautiful town. This versatile motel offers variety of investment options. The lot with 15-unit building can be sold separately for $1,800,000 based on Asset sale, and the other lot fronting the highway with 9 unit building and 7 RV sites can be sold for $1,200,000 based on Asset sale. For more information contact your trusted agent. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$12K
Projected NOI
$175K
Annual cash flow
$37K
Cash-on-cash
4.90%
DSCR
1.27
Going-in cap
7.01%
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
78,758
Households
31,571
Median income
$127,000
Median age
35.2
Daytime population
96,551
5-yr growth
8.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2037 Hunter Frontage Road, Christina 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.