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Land For Sale at 155 Kalamalka Lakeview Drive in Vernon, British Columbia

4 Sale ID #182223
Updated 29 Apr 2024

Asking Price

$2,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

An incredible opportunity to own this out standing View property. There is a View of Kalamalka Lake from where ever you go on this One of a Kind property. The property is above & below the Old Hwy 97, located just south of the Kal Look out ( along the old Hwy ) This is An opportunity for the open minded Developer. Non ALR. There is over 80 acres of land. The Options are unlimited. And Maybe just split in two, as the road splits the property. OR.... Just Create your own private domain and hold for the long term future value. View any time. (id:39198)

  • MLS® : #10286666
  • Date Listed : 03 Oct 2023

Location

Province

British Columbia

City

Vernon

Address

155 Kalamalka Lakeview Drive

Postal Code

V1H1R6

Location Highlights

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Listed by

RE/MAX Vernon British Columbia listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

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Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$2,200,000

Asking Price

$2,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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