For Sale · Hospitality

1000 Halfway Lake Road, Princeton

1000 Halfway Lake Road, Princeton, BC V0X1W0

$12M total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

88%

Year Built

2009

Lot Size

853 ac

About this property

Experience the ultimate in tranquility & natural beauty at this breathtaking property spanning 853 acres of pristine BC wilderness between Merritt & Princeton. Nestled amidst wildflowers, pristine lakes, old growth ponderosa pine & aspen stands, this estate comprises 5 titles surrounding 2 lakes, ensuring privacy & exclusivity. The centerpiece of this remarkable retreat is an elegant, off-grid, lake-view lodge offering unparalleled style and luxurious comfort. With 7 bedrooms, 6 bathrooms, sleeping accommodations for 21, it provides ample space for entertainment. 2 kitchens cater to culinary enthusiasts & large gatherings alike. Equestrians will delight in well-appointed facilities, a barn, 10 stables, round pen, outdoor arena & fenced paddocks. The entire property is fenced and cross-fenced with rail & wire. The property surrounds 2 lakes, and touches 3 others, with additional marsh and waterways. The main lake is stocked with rainbow trout, offers exceptional fishing, complemented by a swim platform & dock for swimming, paddle-boarding. Extensive roads & trails wind through the landscape, inviting exploration on foot, horseback, or skis, catering to outdoor enthusiasts throughout the seasons. Renowned for its superb summers and picturesque winter days under clear blue skies, this property promises an unparalleled lifestyle blending luxury, natural beauty, and recreational opportunities in perfect harmony. Please see the listing agent site for more information. Imagine! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$12.00M
Down payment30% · $3.60M
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$55K

Projected NOI

$630K

Annual cash flow

$-35K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

87,855

Households

36,492

Median income

$86,500

Median age

45.2

Daytime population

86,435

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 1000 Halfway Lake Road, Princeton.

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.