Business For Sale · Hospitality

16060 BC-3A Highway, Crawford Bay

16060 BC-3A Highway, Crawford Bay, BC V0B1E0

$2.3M total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

84%

Year Built

2015

Lot Size

4.03 ac

About this property

A purpose built, year round destination RV park on 4.03 acres on the East Shore of Kootenay Lake, offered as an asset sale. Thirty three full service RV stalls each have treated water, sewer and 50, 30 and 15 amp power, with 10 sites upgraded to 100 amp. The park was built 2012 and 2015 and it opened in May 2015, the stalls take slide outs and awnings, with pull through sites available. Two vacation cottages, Cherry Tree and Sweet Dreams, rent nightly year round, and six powered tent sites and hard tents add to that. There are also 4 parked owned RVs used for short term and nightly rentals. Amenities include a wash house with showers and guest laundry, a playground, covered picnic shelters, fire pits, a dump station, free WiFi and a pet friendly policy. The park has two wells. There is room to add further cabins or park models. The Kootenay Bay to Balfour ferry lands minutes away and Kokanee Springs Golf Resort sits nearby. The grocery store, pub and artisan shops are within walking distance. No direct contact with the property or ownership. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$105K

Annual cash flow

$-23K

Cash-on-cash

-3.31%

DSCR

0.82

Going-in cap

4.55%

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

137,132

Households

60,567

Median income

$129,500

Median age

33.6

Daytime population

133,828

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 16060 BC-3A Highway, Crawford Bay.

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.