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$199,000 total
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Asset Class
Hospitality
Size
—
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
92%
The Grand Buddha Bistro is one of Castlegar's most recognized dining destinations — and a compelling opportunity for the right Buyer. Built around a flavourful Southeast Asian menu, a full-service bar, and a dedicated bubble tea bar offering over 50 flavour combinations, The Buddha Bistro draws a local following while consistently welcoming travellers passing through the region. The location is a natural asset. Situated just off busy Columbia Avenue, the restaurant enjoys strong visibility and is surrounded by a dense mix of residential neighbourhoods and commercial activity. Perhaps most notably, 4 hotels are within a seven-minute walk — including one directly attached to the premises — presenting an immediate and largely untapped hospitality partnership opportunity. For a motivated owner-operator, the growth levers are clear: extend hours to capitalize on bar revenue, formalize hotel partnerships to capture a captive guest audience, and build on an already-established wholesale product line currently carried in a beloved local grocery store. The sellers have proactively invested in a new product and nutritional information labelling system — laying the groundwork for expanded retail distribution and positioning this revenue stream for meaningful growth under new ownership. The foundation is solid. The upside is real. Get in touch for more information! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$919
Projected NOI
$14K
Annual cash flow
$3K
Cash-on-cash
5.04%
DSCR
1.27
Going-in cap
7.05%
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
72,503
Households
26,442
Median income
$78,500
Median age
43.1
Daytime population
86,811
5-yr growth
8.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1810 8th Avenue Unit# 2, Castlegar.
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.