For Sale · Hospitality

456 Lakeview Road, Invermere

456 Lakeview Road, Invermere, BC V0A1K3

$1.6M total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

100%

Lot Size

0.52 ac

About this property

Host guests and live on site at Whistling Swan Manor, a stately Invermere property purpose-built as a traditional bed and breakfast. Classic European design and old-world craftsmanship set the tone for five spacious guest suites, each with a private ensuite and lake and mountain views. Two upper-level lounges give guests room to unwind or mingle, while the generous kitchen makes breakfast service and group gatherings easy. In summer, serve breakfast al fresco on the expansive deck. In ski season, the dedicated gear room with drying station is a welcome perk after a day at Panorama. The private 1,950 sq. ft. innkeeper’s residence includes three generous bedrooms, a full bathroom, a large kitchen and a walkout to the manicured grounds. With guest and owner spaces already built in, this property offers the chance to create an upscale Columbia Valley getaway and make it your full-time home. Provided you live on site and provide guests with one meal option per stay, you will not fall under the same regulations and costs associated with the RDEK Short Term Rental requirements. B&B operation is subject to applicable zoning and licensing requirements. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$134K

Annual cash flow

$45K

Cash-on-cash

9.45%

DSCR

1.51

Going-in cap

8.38%

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

80,165

Households

35,661

Median income

$100,500

Median age

44.7

Daytime population

132,920

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 456 Lakeview Road, Invermere.

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.