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

The Avison Young National Hospitality Team is pleased to present the opportunity to acquire Elizabeth Lake Lodge, a 28-key highly curated boutique hospitality asset located in Cranbrook, featuring a 9.80% proforma cap rate. 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. Positioned in the heart of the Canadian Rockies, the Property offers tranquil, resort-style accommodations overlooking the protected Elizabeth Lake Bird Sanctuary. The guestrooms are exceptionally well appointed and meticulously maintained, driving strong repeat visitation supported by outstanding online ratings and consistent demand from new travellers seeking high-quality experiential lodging. 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. This offering meaningfully enhances activation, diversifies revenue streams, and reinforces the Lodge’s positioning as a destination property rather than a traditional roadside hotel. The 1,750-square-foot, three-bedroom presents a compelling opportunity for an owner-operator to reside on-site, implement a live-work hospitality model, or convert the space into premium group or extended-stay accommodations to further enhance revenue potential.

FOR SALE DETAILS

PRICE

$4,750,000 CAD

PRICE/SF

$688 CAD /SF

# OF ROOMS

17

PRICE/ROOM

$279,412 {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

1959

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.