For Sale · Hospitality

1810 8th Avenue Unit# 2, Castlegar

1810 8th Avenue Unit# 2, Castlegar, BC V1N2Y2

$199,000 total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

92%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1810 8th Avenue Unit# 2, Castlegar.

NDA required
  • 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.