For Sale · Hospitality

1277 Trans Canada Highway, Sorrento

1277 Trans Canada Highway, Sorrento, BC V0E2W0

$2.5M total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

89%

Year Built

1950

Lot Size

5.11 ac

About this property

Seller will consider Vendor Financing with a strong covenant and down payment. Prime Shuswap Investment; Motel, Pub & Development Potential situated on 5.11 acres with approximately 450 feet of Trans-Canada Highway frontage, approximately 3.5 acres undeveloped land. Offering a rare combination of income, lifestyle, and future development potential in the heart of the beautiful Shuswap region. The property features a 22-unit motel, with 10 units recently renovated to include kitchenettes. These renovated units are fully occupied with long-term tenants, providing immediate and stable revenue. Complementing the motel is the popular Copper Island Bar & Grill, offering 116 seats with 4 pool tables and serving both locals and highway travelers. A three-bedroom manager’s suite provides convenient on-site living or staff accommodation. Additional attractions include a charming A-frame cabin currently used as an ice cream shop and an on-site mini-golf course, adding seasonal income and family-friendly appeal. Zoned C1 and includes approximately 3.5 acres of undeveloped land, presenting significant upside for expansion, redevelopment, or additional commercial uses (subject to approvals). A paved parking lot ensures ease of access for guests and patrons. The Shuswap is renowned for its four-season appeal, pristine lakes, outdoor recreation, and steady flow of both tourists and long-term residents, making this an exceptional income and lifestyle investment. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.50M
Down payment30% · $750K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$158K

Annual cash flow

$19K

Cash-on-cash

2.53%

DSCR

1.14

Going-in cap

6.30%

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

76,226

Households

30,845

Median income

$67,000

Median age

40.4

Daytime population

94,804

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 1277 Trans Canada Highway, Sorrento.

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.