For Sale · Hospitality

1285 Manly Meadows Road, Grand Forks

1285 Manly Meadows Road, Grand Forks, BC V0H1H9

$1.3M total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

89%

Lot Size

10.85 ac

About this property

Country Hideaway RV Park & Campground is a riverfront campground on the Kettle River, about 3 km east of Grand Forks, set on a 10.85 acre peninsula. Operating since 1986 and open year round, it is one of the Boundary region's most established camping addresses, with a loyal seasonal base and steady summer tourism. The park has 21 RV sites on a mix of 20 and 30 amp service, including pull-throughs, plus tenting and dry camping under mature trees along the Kettle River. Improvements include the office and registration building, a sani dump, a newly renovated washroom and shower building with hot showers and flush toilets, a playground, and free WiFi throughout. Water is a drilled well with on-site septic. Included in the sale is a detached home with 2 bedrooms and a full bathroom, a renovated kitchen, a partly finished basement, and a covered patio off the entry set into mature gardens. Set up for an owner-operator to live on site. Guests come for the river itself, swimming, tubing and paddling right off the property, plus the Trans Canada Trail, the Kettle Valley Rail trail, ATV routes, and nearby Christina Lake. Daily, weekly, monthly and seasonal rates. Turnkey and owner operable, with room to add sites and services. Financial information available upon execution of an NDA. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.29M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$74K

Annual cash flow

$2K

Cash-on-cash

0.50%

DSCR

1.03

Going-in cap

5.69%

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

122,444

Households

48,136

Median income

$65,500

Median age

40.2

Daytime population

133,138

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1285 Manly Meadows Road, Grand Forks.

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.