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Cozy Pines Motel 2100 Cres Crestview 18 Room Hotel Castlegar, BC V1N 3B3 $1,478,977 USD ($82,165 USD/Room) 6.91% Cap Rate
Investment Highlights
- Comprised of 22 newly renovated residential units providing move-in ready accommodations.
- Heating provided by baseboard systems with window air conditioning in place.
- Centrally located in Castlegar with easy access to retail, dining, and local services.
Executive Summary
This offering presents a strong investment opportunity in Castlegar, British Columbia. Positioned on a 1.54-acre site, the property features 22 turnkey residential units, all recently renovated to meet contemporary standards. Located in the heart of Castlegar, the site benefits from close proximity to essential shopping, dining, and essential services. Castlegar serves as a central hub in the West Kootenay region, offering connectivity via Highway 3 and regional air travel through West Kootenay Regional Airport.
Property Facts
| Price | $1,478,977 USD | Lot Size | 1.06 AC |
| Price Per Room | $82,165 USD | Building Size | 7,469 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Cap Rate | 6.91% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1961 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | R-4 - Residential Multifamily Mixed Use | ||
| Price | $1,478,977 USD |
| Price Per Room | $82,165 USD |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 7,469 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built | 1961 |
| Corridor | Exterior |
| Zoning | R-4 - Residential Multifamily Mixed Use |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $30.28 USD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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Cozy Pines Motel | 2100 Cres Crestview
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