Business For Sale · Specialty

LOT 1 SKI HILL ROAD, Wells

LOT 1 SKI HILL ROAD, Wells, BC V0K2R0

$1.9M total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

Year Built

9999

Lot Size

5 ac

About this property

Strategic three-title development and investment opportunity in the growing gold-mining community of Wells, BC, near Barkerville and the new Cariboo Gold Project. The assembly includes a 0.19-acre corner parcel at Ski Hill Rd and Hwy 26 plus two additional titles, totaling approximately 5.04 acres, subject to verification. The larger parcel is zoned R3 and the smaller Highway 26 parcel is zoned CW, with municipal services reported at the property line. The seller believes the property may suit a multi-family development of up to 30 townhomes or approximately 60 park-model units, potentially helping address future accommodation needs associated with the new mine and regional growth. A seasonal, manager-operated RV park currently occupies part of the property and provides interim income while future plans are considered. All acreage, zoning, density, servicing, income and development potential must be independently verified by the buyer. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$116K

Annual cash flow

$11K

Cash-on-cash

1.96%

DSCR

1.11

Going-in cap

6.13%

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

112,343

Households

49,900

Median income

$131,000

Median age

38.2

Daytime population

173,548

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for LOT 1 SKI HILL ROAD, Wells.

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.