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$12.0M total
—
Asset Class
Hospitality
Size
—
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
85%
Year Built
1975
Lot Size
4.36 ac
Incredible Opportunity! When do you get a chance to purchase 4.3 acres right at the base of an iconic Canadian ski resort on BC's Powder Highway, that also includes an 18 room and 17.5 bathroom inn? Zoned AVC-1 Alpine Village Core, this is the most flexible, multi-use zoning available in Rossland and offers the ability to build condos, townhouses, mixed use commercial, residential, hotel and more. Zoning allows for 85% parcel coverage and building height up to 65 feet. This is the last large private land holding at he base of the resort and can accommodate a large number of units based on density allowances. A Rossland staple for 50 years, the Ram's Head Inn is fully operational, sleeping up to 45, with 18 bedrooms and 17.5 bathrooms all ensuite, large Great Room and cool, eclectic West Kootenay vibe. Red Mountain and Rossland are in the midst of unprecedented growth, with ongoing improvements at the resort including multi-million dollar bike park and planned man made lake. As an added bonus, all of this is within a 5 minute proximity to historic Rossland with it's authentic, unpretentious feeling. Restaurants, shops, cafes and friendly locals all contribute to the feeling of a quintessential mountain town. Be part of Rossland's past and future history with this once in a lifetime opportunity... (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$55K
Projected NOI
$620K
Annual cash flow
$-45K
Cash-on-cash
-1.25%
DSCR
0.93
Going-in cap
5.17%
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.
Trade area within 3 miles of the property.
Population
93,562
Households
34,833
Median income
$66,500
Median age
39.1
Daytime population
114,356
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 4465 Red Mountain Road, Rossland.
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.