Lac La Biche
Lac La Biche, AB T0A2C0
$1.1M total
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Asset Class
Hospitality
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
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Occupancy
91%
Lot Size
0 ac
About this property
Lac La Biche inn, Just under 1.5 acres, perfect investment opportunity for someone in the hospitality industry, site has liquor store, and massive bar which had active VLTs while it was running. Great upside potential located right on the main strip in town, walks from the lake. Hotel has not been operating for over a year. Your next business awaits. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$63K
Annual cash flow
$5K
Cash-on-cash
1.59%
DSCR
1.09
Going-in cap
6.02%
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
102,387
Households
35,959
Median income
$130,500
Median age
38.6
Daytime population
138,787
5-yr growth
7.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for Lac La Biche.
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.