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$2.3M total
—
Asset Class
Hospitality
Size
—
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
84%
Year Built
2015
Lot Size
4.03 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 16060 BC-3A Highway, Crawford Bay.
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.