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V1C Hostels for Sale

More details for 590 Van Horne St S, Cranbrook, BC - Hospitality for Sale

Elizabeth Lake Lodge - 590 Van Horne St S

Cranbrook, BC V1C 4W7

Hospitality for Sale
$4,750,000 CAD
6,906 SF

Cranbrook Hospitality for Sale

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.