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Slumber Lodge Motel 27 Seventh Ave S 26 Room Hotel Williams Lake, BC V2G 1L2 $1,799,000 CAD ($69,192 CAD/Room) 10.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Best location in town, easy management, steady revenue
EXECUTIVE SUMMARY
Investor Alert! Great opportunity. This turn-key revenue operation with an added bonus of an adjacent building lot included. This established 26 room Motel property with 325' of frontage is in a prime location with busy through traffic in Downtown Williams Lake BC. All amenities are within two blocks of the property including shops, grocery stores, drug store , Time Hortons across the street, Denny's, Gas Station , Starbucks , Staples etc. The building was built in 1964 (solid) many plumbing, electrical updates.
The adjacent cleared lot is available to build multi-family apartment building, townhouses or expand the motel for more revenue. Some Seller financing may be available to qualified Buyers.
The adjacent cleared lot is available to build multi-family apartment building, townhouses or expand the motel for more revenue. Some Seller financing may be available to qualified Buyers.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$251,447
|
$10.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$15,000
|
$0.65
|
| Effective Gross Income |
$236,447
|
$10.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
$120,000
|
$5.18
|
| Total Expenses |
$120,000
|
$5.18
|
| Net Operating Income |
$116,447
|
$5.03
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $251,447 |
| Annual Per SF | $10.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $0.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $236,447 |
| Annual Per SF | $10.21 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $5.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $5.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $116,447 |
| Annual Per SF | $5.03 |
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 26 | $89.00 CAD | - |
1 1
Walk Score®
Very Walkable (71)
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Presented by
Homeland Housing Services LLC
Slumber Lodge Motel | 27 Seventh Ave S
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