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For Sale · Hospitality

432 VAN HORNE Street S, Cranbrook

432 VAN HORNE Street S, Cranbrook, BC V1C4W7

$1.3M total

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Asset Class

Hospitality

Size

—

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

93%

Year Built

1953

Lot Size

1.01 ac

About this property

Rare turn-key motel opportunity in the Cranbrook offering 13 fully operational guest rooms with mixed layouts designed to suit a wide range of guest needs—ideal for both short-term stays and longer-term accommodation. Set on over 1 acre with prime highway frontage, the property benefits from constant visibility, strong traffic exposure, and excellent accessibility. The business is well equipped for day-to-day operations with a dedicated guest check-in office, outdoor guest space, plus an owner/manager suite for on-site management and convenience. Adding even more flexibility and value is an approved modular home site, perfect for additional income potential, staff housing, or extended owner living. With substantial land and tons of room for expansion, this is an exceptional opportunity for a buyer looking to grow revenues—whether by adding services, amenities, or additional features to enhance guest experience and profitability. A hard-to-find combination of income, land, and location in a region known for year-round tourism and outdoor recreation. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$85K

Annual cash flow

$16K

Cash-on-cash

4.16%

DSCR

1.22

Going-in cap

6.79%

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

40,025

Households

18,002

Median income

$89,000

Median age

40.6

Daytime population

54,879

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 432 VAN HORNE Street S, Cranbrook.

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.