For Sale · Hospitality

3483 Highway 95, Parson

3483 Highway 95, Parson, BC V0A1L0

$2.4M 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

95%

Lot Size

8.08 ac

About this property

Amazing doesn't begin to describe this incredible property that is currently being operated as a vacation rental. The main house is a stunning masterpiece of craftsmanship, featuring solid wood posts, beams, doors, trims, floors, walls, and furniture. It has both a commercial kitchen and a full-sized kitchen in the suite The south-facing decks showcase panoramic views of the Columbia River and Selkirk Mountains. There are wood-burning fireplaces, an outdoor pizza oven, a sauna, and multiple multipurpose rooms for exercise, media, meditation, or anything else you can imagine. It's a big place with 6 bedrooms, 6 bathrooms, plus 6 private guest rooms with en-suite bathrooms, 5 private cabins, and a chalet with 3 separate suites. This property is perfect for a large family wanting to cohabitate or anyone that interested in offering sort or long term rentals. This place is fully furnished; including appliances, tools, linens, dishes and all the supplies you need to run a business. The 8.08-acre lot features a large grassy meadow with potential for livestock, additional development, RV Parking or nearly any other uses because there is no zoning or bylaws in Parson. Recently appraised at $3,800,000, this one-of-a-kind property offers luxury, versatility, and incredible opportunities. For those seeking even more, the sellers are also selling the adjacent 9-acre parcel (MLS #10346206). Click the media links for video tours and experience this extraordinary estate for yourself! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.35M
Down payment30% · $705K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$184K

Annual cash flow

$54K

Cash-on-cash

7.68%

DSCR

1.42

Going-in cap

7.85%

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

46,132

Households

16,836

Median income

$73,500

Median age

41.7

Daytime population

66,125

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 3483 Highway 95, Parson.

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.