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For Sale · Hospitality

15981 BC-3A Highway, Crawford Bay

15981 BC-3A Highway, Crawford Bay, BC V0B1E0

$3.2M total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

96%

Lot Size

19.85 ac

About this property

Kokanee Chalets Resort, RV Park and Campground on the east shore of Kootenay Lake. This four-season resort sits on 19.848 acres across two titles, currently unzoned with an OCP designation of Tourist Commercial, on Highway 3A in Crawford Bay, a 5-minute drive from Kokanee Springs Golf Course and 6 minutes from the Kootenay Lake Ferry, and a short walk to Crawford Bay Regional Park. The offering includes 16 three-bedroom A-frame chalets, 9 air-conditioned motel-style guest rooms, 53 serviced RV sites with 30/50-amp service (27 leased seasonally), 17 tenting sites, and a 3 bedroom, 2 bathroom owner's suite above the main office. Amenities include a laundromat, two washroom and shower buildings, an outdoor hot tub, playground, and a covered BBQ and picnic shelter. This is an excellent business with an excellent cash flow in a beautiful area of BC! Long time owner retiring! Please contact your agent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$205K

Annual cash flow

$27K

Cash-on-cash

2.84%

DSCR

1.15

Going-in cap

6.39%

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

107,686

Households

47,171

Median income

$79,000

Median age

42.7

Daytime population

159,684

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 15981 BC-3A Highway, Crawford Bay.

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.