For Sale · Hospitality

3934 Cokato Road, Fernie

3934 Cokato Road, Fernie, BC V0B1M4

$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

99%

Year Built

1999

Lot Size

9.47 ac

About this property

Welcome to Elk View Lodge, a spectacular mountain property perched above Cokato Road on an extremely private 9.47-acre view lot in beautiful Fernie, BC. Enjoy some of the best views in the valley, with uninterrupted vistas of the Lizard Range and Fernie Alpine Resort. A true nature lover’s paradise, this four-season retreat offers direct access to Montane hiking, biking and cross-country ski trails on both sides of the driveway, while Fernie Alpine Resort is just 10 minutes away. Offering over 11,000 sq. ft. of living area, Elk View Lodge has operated as a hospitality venue for over 14 years, hosting weddings, corporate and community events and, most recently, short- and medium-term accommodation. Zoned RR-2 with an amendment permitting its existing use, this is a rare opportunity in Fernie’s thriving hospitality market. The main level features a dramatic wood and concrete staircase, massive great room with floor-to-ceiling windows, extensive decks, oversized kitchen, large ski/bike room and 3-car garage(currently converted to storage space). With 9 bedrooms, 10 bathrooms and multiple event areas, the property can accommodate guests in 8 private guest rooms and host groups of up to 75 per event. Equally suited as a multi-generational family estate, bring your family and friends and enjoy everything Fernie has to offer. One of the largest homes available in the region, Elk View Lodge is offered fully furnished at a fraction of its replacement value. This is truly one of Fernie’s best values! GST applicable. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.50M
Down payment30% · $750K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$209K

Annual cash flow

$70K

Cash-on-cash

9.35%

DSCR

1.51

Going-in cap

8.35%

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

71,865

Households

25,139

Median income

$97,000

Median age

44.1

Daytime population

63,168

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 3934 Cokato Road, Fernie.

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.