$1,746,593

A Landmark Investment Opportunity

  • 2.27 Ac lot
  • Updated: Yesterday

About the Property

A Landmark dating back to the 1950s, The Alpiner Holiday Resort, occupies a flat 2.27 acres along the shores of the Eagle River, with prominent frontage on the Trans-Canada Highway in Sicamous, BC. Offering multiple revenue streams, the property features a motel with long-term rental accommodations, a pub and restaurant with potential for a relaunch, or alternatively build-to-suit uses, perhaps a
A Landmark dating back to the 1950s, The Alpiner Holiday Resort, occupies a flat 2.27 acres along the shores of the Eagle River, with prominent frontage on the Trans-Canada Highway in Sicamous, BC. Offering multiple revenue streams, the property features a motel with long-term rental accommodations, a pub and restaurant with potential for a relaunch, or alternatively build-to-suit uses, perhaps a drive through coffee shop or franchise placement to a mini strip mall. Currently operating as an all-season RV park and campground accommodating short and long term stays. The Six Pan-Abode style cabins offer 12 livable units, comfortable, and woodsy with Wi-Fi, flat-screen TVs, mini-fridges, microwaves and pillow-top mattresses. The now vacant former pub and restaurant The Alpiner, formerly Joe Schmucks Alpiner, was a popular destination for locals and travellers, known for comfort food, craft beer, wing nights and a lively patio. A fully rented caretaker’s residence with attached office provides additional income and operational convenience. With an attractive capitalization rate exceeding 7.5%+, established income and significant extending potential, the property presents itself for investors choosing to deploy capital into an income-producing asset, hold for long-term appreciation or explore future highway-frontage development. Located in a renowned four-season recreational and sledding destination. Established History. Multiple Revenue Streams. Exceptional Potential.
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  • Property type

    Other

  • Year built

    1954

Features

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734 Trans Canada Highway, Sicamous, British Columbia View on Google Maps
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Engel & Völkers Okanagan Engel & Völkers Okanagan background

Engel & Völkers Okanagan

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Engel & Völkers Okanagan
Canada
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14
Listings
2024
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Engel & Völkers Okanagan
Engel & Völkers Okanagan
V1Y 2A3, Kelowna, Canada
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Last updated
Yesterday
First listed
November 13
Agent license
#16513164274179
Listing reference
10405702
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