Business For Sale · Specialty

15720 Oyama Road, Lake Country

15720 Oyama Road, Lake Country, BC V4V2E1

$980,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

99%

Lot Size

0.12 ac

About this property

PLEASE DO NOT APPROACH THE STAFF, CONFIDENTIALITY IS ESSENTIAL. Exceptional opportunity to acquire a highly visible, extensively improved commercial property in the heart of Oyama at 15720 Oyama Road. Situated directly across from Wood Lake, this unique property offers outstanding exposure along a well-travelled corridor connecting Lake Country and Vernon, with the Rail Trail and waterfront just steps away. The building has undergone significant improvements and presents beautifully, with a bright, modern interior, extensive glazing, upgraded HVAC, attractive finishes, service counters, washrooms and inviting indoor and outdoor areas. The property is currently operating under a Temporary Use Permit registered on title through June 18, 2029, creating an opportunity for an owner-operator or investor while offering longer-term redevelopment or rezoning potential subject to District approvals. The real estate is being offered independently and the listing price does NOT include the existing business operations, specialty equipment, furniture or operating assets. However, the current operations and a substantial turnkey equipment and furnishings package may also be available to an interested purchaser by separate negotiation. An excellent opportunity to acquire a distinctive commercial property in one of Lake Country's most charming communities. Do not disturb staff or attend the property for listing inquiries without an appointment. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$980K
Down payment30% · $294K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$69K

Annual cash flow

$14K

Cash-on-cash

4.90%

DSCR

1.27

Going-in cap

7.01%

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

110,722

Households

46,940

Median income

$137,500

Median age

38.6

Daytime population

115,452

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 15720 Oyama Road, Lake Country.

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.