For Sale · Hospitality

4889 Highway 3, Manning Park

4889 Highway 3, Manning Park, BC V0X1R0

$1.0M 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

83%

About this property

4-unit lodge with a private owner's suite, located minutes from Manning Park Ski Hill, one of BC's premier outdoor destinations. Turnkey and purpose-built for short- or long-term accommodation, the lodge includes four self-contained 1-bedroom guest suites, each with a queen bed, sofa bed, kitchenette (fridge and microwave), full bathroom with shower, WiFi, and TV. The building is well insulated and soundproofed, finished with Hardie board siding and a metal roof. Shared guest laundry and additional fridge/storage area on site, plus a covered outdoor BBQ and games area for guests. The owner's residence includes 1-bedroom, 1-bathroom, full kitchen, laundry, and spacious living area, with a private outdoor space featuring a firepit and BBQ. Two sea cans provide secure storage. The property is fully WiFi-enabled with remote control of electronic locks, lighting, cameras, hot water, and power systems. Backup power is supplied by a propane Generac generator, and the property is serviced by an on-site shallow well. Fronting Highway 3 (Hope-Princeton Highway) with Tourist/Commercial zoning, allowing use as a revenue property or private mountain retreat with additional guest suites. Direct snowmobile and ATV access from the parking area into the Pasayten Valley. Approximately 2.5 hours from both Vancouver and Kelowna, surrounded by the Pasayten Wilderness Area and near the Similkameen River. Call to book your appointment to view today! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.05M
Down payment30% · $315K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$49K

Annual cash flow

$-9K

Cash-on-cash

-2.91%

DSCR

0.84

Going-in cap

4.67%

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

49,531

Households

17,194

Median income

$116,500

Median age

35.6

Daytime population

80,039

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 4889 Highway 3, Manning Park.

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.