For Sale · Hospitality

4836A 53 Ave, Cynthia

4836A 53 Ave, Cynthia, AB T0E0K0

$1.3M total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

96%

Year Built

2000

Lot Size

2.92 ac

About this property

Located in Cynthia, AB this fully functional, year round 40 site RV park comes complete with a two-storey cedar log home/office, workshop, two guest houses, and 4 custom log cabins. Also included with the property is the infamous Cyn City Saloon! The Saloon is comprised of a well kept and perfectly set up full service kitchen & charming country bar with large covered patio that attracts visitors and motorcyclists alike! In addition to being a residence, the log home also serves as the RV Park office where campers can check in. The guest houses are fully furnished with bedrooms, bathrooms, and full kitchens. The RV sites - 20 have 30 amp power with water, and the other 20 have power, water & sewer and for those who need their showers - there is a shower house complete with flush toilets. There are tent sites that also have access to these amenities. The four log cabins each have front patios, are fully furnished with kitchens, bathrooms, two double beds, and lofted sleeping areas. This is a dream property! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$92K

Annual cash flow

$20K

Cash-on-cash

5.01%

DSCR

1.27

Going-in cap

7.04%

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

54,371

Households

24,970

Median income

$130,000

Median age

35.8

Daytime population

62,800

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 4836A 53 Ave, Cynthia.

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.