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Elizabeth Lake Lodge 590 Van Horne St S 28 Room Hotel Cranbrook, BC V1C 4W7 $3,414,098 USD ($121,932 USD/Room) 9.80% Cap Rate
Executive Summary
Opportunity to acquire the Elizabeth Lake Lodge, a highly curated boutique hospitality asset located in Cranbrook, featuring a 9.80% proforma cap rate. The lodge was built brand new in three sections in 2008, 2011 and 2015. The original 1,750 - square-foot, three-bedroom was built in 1971 and features solid cedar wall construction. 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. 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.
Property Facts
| Price | $3,414,098 USD | Lot Size | 1.43 AC |
| Price Per Room | $121,932 USD | Building Size | 22,452 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Cap Rate | 9.80% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1971/2015 |
| Property Subtype | Hotel | Parking Ratio | 1.78/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | C-2 - Commercial | ||
| Price | $3,414,098 USD |
| Price Per Room | $121,932 USD |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 22,452 SF |
| No. Rooms | 28 |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2015 |
| Parking Ratio | 1.78/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - Commercial |
Amenities
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 28 | $116.44 USD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Elizabeth Lake Lodge | 590 Van Horne St S
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