For Sale · Hospitality

3614 Lumby Mabel Lake Road, Lumby

3614 Lumby Mabel Lake Road, Lumby, BC V0E2G6

$1.4M 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

89%

Lot Size

1.1 ac

About this property

Welcome to South Mabel Marina! The only Marina and destination spot on the entire South end of Mable Lake, one of BC' deepest and most popular fishing lakes. The property consists of a 1.10-acre parcel of R-6 zoned waterfront land that comes improved with a cabin, covered trailer and a 22-boat slip Marina with gas pump, general store, bar w/ seating area, BBQ & additional residential unit. Several lakeview building sites on the waterfront acreage. The store carries an inventory that includes fish tackle, bread, milk, eggs, ice cream, fishing rods and camping supplies. Fishing charters also available. This is the only retail outfit on the South end of the lake. Located right next door to Mabel Lake Provincial Park, 100+ site campground & public boat launch which provides a never-ending stream of customers in summer along with the Mabel Lake Resort on the North end of the lake. Great opportunity to scale the business operations. Comes with several 2-stroke engine boats, canoes, paddle boats & much more. A full equipment list is available to potential buyers. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.40M
Down payment30% · $419K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$77K

Annual cash flow

$171

Cash-on-cash

0.04%

DSCR

1.00

Going-in cap

5.55%

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

130,053

Households

57,792

Median income

$129,500

Median age

35.5

Daytime population

161,491

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 3614 Lumby Mabel Lake Road, Lumby.

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.