Harrison Hot Springs Bungalow Motel sold for $216K per cabin

The property sold for $2.6 million - more than $1 million above its assessed value

By
for Western Investor
July 24, 2017





harrison hot springs hotel
 
A cabin motel property on Harrison Lake has sold for $2.6 million, Sutton Group West Coast Realty reports. 
 
The 12-cabin Bungalow Motel is situated on a 1.06 acres lot. Most of the cabins come equipped with kitchens and two queen or double beds. The hotel was managed professionally by the same over for the past 25 years. The property has a manger residence on site and an outdoor pool area. The motel was listed for $3.5 million and has an assessed value of $1.2 million. The site has great development potential via rezoning. 
 
The Bungalow Motel is located 511 Lillooet Ave., Harrison Hot Springs. 
 

Breakdown: 

 
Price: $2,600,000
No. of Units: 12 
Price/Unit: $216,666
Lot Size: 1.06 acres 
Property Type: Hotel
Zoning: C2 
2016 B.C. Assessment Value: $1,206,000
City/town: Harrison Hot Springs
Province: B.C. 
Name of Brokerage: Sutton Group West Coast Realty Harrison Hot Springs 
 
 

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Freddy is a managing broker for the Sutton Showplace Realty. Freddy has been involved in real estate sales in the Canadian and European market since the 80s.

Sutton Showplace Realty
7134 Vedder Road
Chilliwack, B.C. V2R
Direct: 604-491-1060

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