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$9M total
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Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
82%
Year Built
9999
Lot Size
74 ac
Presenting the Cassiar Cannery, a 74 acre oceanfront property with 5 acre water lot on BC’s North Coast, 30 minutes from Prince Rupert. Located on Inverness Passage within the Skeena River Estuary, the site offers 20–30 acres of useable land, 1 km of low-bank waterfront, a 2.53-hectare foreshore lease, and a 4–5 acre wharf. Improvements include five former manager homes, four operating as guest rentals, plus a 10,000 sq ft blast freezer with high ceilings and open-span storage, ideal for repurposing. The restored General Store functions as a fully equipped event venue. Accessible by rail, road, and ocean, Cassiar is a proven tourism destination with strong brand presence, awards for unique accommodations, and potential for further development in hospitality, research, or small-scale industry. With rich cultural history and rare scale of waterfront, Cassiar Cannery offers investors a distinctive opportunity in a stunning setting. See also Residential MLS # R3167714. (id:66811)
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Monthly debt service
$42K
Projected NOI
$380K
Annual cash flow
$-119K
Cash-on-cash
-4.41%
DSCR
0.76
Going-in cap
4.22%
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.
Trade area within 3 miles of the property.
Population
66,279
Households
26,769
Median income
$72,500
Median age
39.4
Daytime population
89,481
5-yr growth
8.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for DL 44 CASSIAR DRIVE, Port Edward.
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.