5132 46th NE Ave - Hospitality FOR SALE


Chetwynd, BC V0C 1J0
$2,970,000 CAD
236-364-2032
5132 46th NE Ave, Chetwynd, BC for Sale
$2,970,000 CAD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

5132 46th NE Ave
Chetwynd, BC V0C 1J0


HIGHLIGHTS

  • The Lionn Inn & Suites 19 Units - 19 Kitchen Facilities, Manager/Owner Accommodation
  • The Red Lion 8 Units - 8 Kitchen Suites, 2 Bedroom Manager Living
  • The Red Lion has a Restaurant that is leased, 5 year lease started in 2026
  • The Red Lion - New Metal Roof 2024

OVERVIEW

The Lion Inn & Suites and The Red Lion Inn & Suites are two established hospitality properties in Chetwynd, BC. The owners offer them together as a single share sale at $2,970,000. The Lion Inn & Suites holds the #1 accommodation rating in Chetwynd. It also operates 19 suites with kitchen facilities on nightly and monthly terms, serving a year-round industrial workforce across the Peace River corridor. In addition, The Red Lion Inn & Suites adds 8 kitchen/diner suites on monthly terms, a licensed restaurant under a 5-year commercial lease, and a connected land parcel. All of it transfers in the same transaction. The Lion Inn & Suites The Lion Inn & Suites at 5132 46 Ave NW is the dominant accommodation asset in Chetwynd. The current owners converted it from a school building in 2016 and have improved it continuously since. Today the property operates 19 suites. For example, each suite includes kitchen facilities, individual climate control, a flat-screen television with satellite, and free WiFi. In addition, a dedicated owner or manager suite supports on-site management and reduces overhead. The property also runs 24-hour front desk service, on-site laundry, a covered patio with BBQ, and free parking. The Lion Inn & Suites holds a 4.0/5 rating on TripAdvisor (#1 of 4 properties in Chetwynd), an 8.4/10 Very Good rating on Expedia across 146 reviews, and an 8.0/10 on HotelsCombined. Moreover, these ratings have taken years to build and represent a competitive position that a new entrant cannot replicate quickly. Confirmed 2026 corporate clients also include Epiroc Canada, CAA Avalanche, and Oceanview Helicopters. The Red Lion Inn & Suites The Red Lion Inn & Suites at 4812 Access Rd N is a separate C2-zoned property in the same transaction. Similarly, the building operates 8 kitchen/diner suites on a monthly basis. Likewise, these serve the same industrial and contractor workforce that anchors demand across the Chetwynd market. Upstairs, a two-bedroom manager’s suite offers a living area, kitchen, office, and four-piece bathroom. In addition, the owners installed a new metal panel roof across the building in summer 2024. An unfinished basement of roughly 22 × 50 feet also presents potential for additional amenity space. Finally, a connected land parcel at 4816 Access Rd N forms part of the transaction. The Red Lion Restaurant — Leased The Red Lion Restaurant now operates under a signed 5-year commercial lease, with the operator in possession from May 2026. It also seats 88 patrons indoors and 20 on a covered patio. In addition, the sale includes a walk-in cooler, commercial bar infrastructure, equipment, furniture, and a stone-fireplace dining room — all on-site. As a result, an incoming buyer acquires a tenanted restaurant that generates income from day one, rather than a vacant shell that needs a tenant search. Chetwynd and the Peace River Corridor Chetwynd sits at the intersection of Highway 97, the CN rail main line, major pipeline infrastructure, and BC Hydro transmission corridors. In fact, it serves as the primary service hub for the Peace River resource region. Moreover, the community supports year-round accommodation demand from oil and gas, forestry, mining, pipeline maintenance, aviation, and safety services. Median household income also sits at roughly $104,000 — about 35 percent above the national average. The federally approved Enbridge Sunrise pipeline expansion adds further near-term demand. This $4-billion project begins construction in July 2026 and runs directly through the Chetwynd corridor, with a peak workforce of 2,500. As a result, the project layers meaningfully onto an already-established industrial client base. Furthermore, the nearest major hotel alternative sits 1.5 hours away.

FOR SALE DETAILS

PRICE

$2,970,000 CAD

PRICE/SF

$94 CAD /SF

# OF ROOMS

54

PRICE/ROOM

$55,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lion Suites & Red Lion Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C2

APN/PARCEL ID

008-190-071,017-112-745,029-337-178

ASK ABOUT THIS PROPERTY

Larry BerisoffRE/MAX KelownaMore Info
236-364-2032

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Larry BerisoffRE/MAX KelownaMore Info
236-364-2032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.