1/22509 Slocan Avenue, New Denver
509 Slocan Avenue, New Denver, BC V0G1S0
$1.6M total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
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Occupancy
88%
Year Built
1965
Lot Size
0.77 ac
About this property
Being offered is this full-service accommodation business in the center of one of the most spectacular vistas in BC and Canada. This Motel / Inn consists of 28 rooms, a restaurant and a pub. The licensed restaurant includes a coffee shop, dining room and outside patio area in the warmer months with a total seating capacity of 76. The patio area is extremely popular as it is nicely shaded by the huge maple tree! The pub is operated in a limited fashion, typically open for one shift per day. The property is well maintained and is ideal for a family that enjoys a smaller community New Denver is situated on a delta plain formed by Carpenter Creek as it empties into the resplendent Slocan Lake. Slocan Lake is a totally natural, unpolluted body of fresh clear water known for great recreation and fishing! Great golf course and abundant recreation all nearby. Bring your energy and ideas, this is a great opportunity! Call your agent! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$87K
Annual cash flow
$1K
Cash-on-cash
0.29%
DSCR
1.02
Going-in cap
5.63%
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
124,134
Households
44,518
Median income
$80,500
Median age
39.5
Daytime population
142,279
5-yr growth
1.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 509 Slocan Avenue, New Denver.
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.