590 Van Horne St S - Hospitality FOR SALE


Cranbrook, BC V1C 4W7
$4,750,000 CAD
236-609-5895
590 Van Horne St S, Cranbrook, BC for Sale
$4,750,000 CAD
Hospitality - FOR SALE
1/7
null | 9.8% Cap Rate

590 Van Horne St S
Cranbrook, BC V1C 4W7


OVERVIEW

Opportunity to acquire the Elizabeth Lake Lodge, a highly curated boutique hospitality asset located in Cranbrook, featuring a 9.80% proforma cap rate. The lodge was built brand new in three sections in 2008, 2011 and 2015. The original 1,750 - square-foot, three-bedroom was built in 1971 and features solid cedar wall construction. This exceptionally well-operated property has evolved from a beloved local retreat into a nationally recognized destination, consistently outperforming market benchmarks in guest satisfaction, online rankings, and revenue growth. A standout feature of the Property is its par-70 mini-golf course, a rare and highly successful amenity that attracts both overnight guests and the local community.

FOR SALE DETAILS

PRICE

$4,750,000 CAD

PRICE/SF

$212 CAD /SF

# OF ROOMS

28

PRICE/ROOM

$169,643 {currency}

CAP RATE

9.8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elizabeth Lake Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

C-2

APN/PARCEL ID

026-760-924

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
236-609-5895

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Bijan LaljiAvison YoungMore Info
236-609-5895

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