For Sale · Hospitality

4465 Red Mountain Road, Rossland

4465 Red Mountain Road, Rossland, BC V0G1Y0

$12.0M 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

85%

Year Built

1975

Lot Size

4.36 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$11.99M
Down payment30% · $3.60M
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 4465 Red Mountain Road, Rossland.

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.