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For Sale · Hospitality

4881 ST MARY'S Street, Radium Hot Springs

4881 ST MARY'S Street, Radium Hot Springs, BC V0A1M0

$2.9M total

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Asset Class

Hospitality

Size

—

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

89%

Year Built

1958

Lot Size

0.55 ac

About this property

*** For more information, please click Brochure button. *** Seize the opportunity to own Destination Inn, a fully renovated and profitable hospitality business located in the heart of Radium Hot Springs, BC. Recently renovated between 2021 and 2024, this inn features modern amenities, including a grid-tied solar system and a house for owner or staff accommodations. With 22 well-designed rooms, including pet-friendly options, guests enjoy complimentary Wi-Fi, a BBQ area, an outdoor fire pit, and a large raised patio. The prime location allows easy access to local restaurants, shops, and the stunning Kootenay National Park, making it a desirable spot for tourists seeking adventure or relaxation. This lucrative investment opportunity demonstrates potential consistent profit growth, providing a seamless transition for new ownership. With features like boutique-style lodging and a family-friendly atmosphere, Destination Inn caters to diverse clientele, including outdoor enthusiasts and nature lovers. Keywords associated with this property highlight its attractiveness as a profitable hospitality venture and prime real estate in a thriving tourist destination, ensuring potential for continued revenue growth. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.90M
Down payment30% · $869K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$180K

Annual cash flow

$19K

Cash-on-cash

2.19%

DSCR

1.12

Going-in cap

6.20%

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

79,792

Households

32,579

Median income

$83,000

Median age

42.3

Daytime population

112,239

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 4881 ST MARY'S Street, Radium Hot Springs.

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.