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Quesnel RiverFront Inn 856-870 Ross St 25 Unit Apartment Building $1,180,000 CAD ($47,200 CAD/Unit) 10.28% Cap Rate Quesnel, BC V2J 2L5
INVESTMENT HIGHLIGHTS
- 25 room motel, 96% occupancy
- Assumable mortgage OAC.
- Highway frontage, 0.65 Acres
EXECUTIVE SUMMARY
The RiverFront Inn is a 25 room inn located at the northern end of the city. With 370’ of frontage and direct Highway 97 exposure, the hotel enjoys strong occupancy and income year round. Rooms have been recently updated, attracting new patrons and room rates. The large site and ample parking could see additional hospitality expansion or commercial service enhancement. Assumable mortgage OAC.
From the appraisal sketch, there are 25 (20+5) units + an office. The office area includes 3 bedrooms, office, kitchen, bathroom and living room.
The office building has the following units: 20, 42, 43, 44, 45. The Motel building has 20 units.
From the appraisal sketch, there are 25 (20+5) units + an office. The office area includes 3 bedrooms, office, kitchen, bathroom and living room.
The office building has the following units: 20, 42, 43, 44, 45. The Motel building has 20 units.
PROPERTY FACTS
| Price | $1,180,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $47,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 10.28% | Building Size | 28,441 SF |
| No. Units | 25 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | C-4 | ||
| Price | $1,180,000 CAD |
| Price Per Unit | $47,200 CAD |
| Sale Type | Investment |
| Cap Rate | 10.28% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 28,441 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | C-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Wi-Fi
- Private Bathroom
- Walk-Up
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Bike Score®
Very Bikeable (88)
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Quesnel RiverFront Inn | 856-870 Ross St
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