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Elizabeth Lake Lodge 590 Van Horne St S 17 Room Hotel Cranbrook, BC V1C 4W7 $4,750,000 CAD ($279,412 CAD/Room) 9.80% Cap Rate
Executive Summary
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.
Property Facts
| Price | $4,750,000 CAD | Lot Size | 1.43 AC |
| Price Per Room | $279,412 CAD | Building Size | 6,906 SF |
| Sale Type | Investment | No. Rooms | 17 |
| Cap Rate | 9.80% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1959/2008 |
| Property Subtype | Hotel | Parking Ratio | 5.79/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | C-2 - Commercial | ||
| Price | $4,750,000 CAD |
| Price Per Room | $279,412 CAD |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 6,906 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2008 |
| Parking Ratio | 5.79/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $101.00 CAD | - |
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Contacts
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Bijan Lalji -
Haig Basmadjian -
Curtis Gallagher -
Graeme White -
Steven Luk Pat
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Avison Young
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Elizabeth Lake Lodge | 590 Van Horne St S
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