RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 3.7%
- Listing ID: 1463942
- Posted On: Jun 23, 2021
- Updated On: Sep 9, 2021
Description
12975 Squamish Valley Road, V0N 1H0 - "Squamish Valley Campground" + 50 Pad RV Park & 20 cabins (10-15 SQ M) with preliminary approval. 195 acres of treed flat land in Upper Squamish Valley w/18 acres across Squamish Valley Road located at mile 16.5. Property is quiet & peaceful with a sandy beach section for exclusive use, 200 campsites, maintenance shop, several outbuildings, sheds & 5 Sea Can storage units (Shipping Containers) + BONUS approx. 1.2 million S/M of gravel deposits worth in excess of $10M. 2021 Assessment $1.449M, taxes $2,091/Yr. Predicted income for 2021 is $350K. There are also 2- 600A electrical services and a 197 ft well with 6 inch supply line providing 15 gallons/min, Seller willing to give Buyer a 50% VTB 1st Mtg. More info on realtor’s web site, PID 004-942-191, Double Exposure – the Listing is on Residential MLS MLS-R2562576 and Commercial MLS-C8037598. SLRD says the property is partially in ALR while ALR says the whole property is in ALR, Buyer needs to confirm with Authorities.
Link to Feature Sheet: https://rem.ax/squamishvalleycampgroundfeaturesheet
Location
195 acres of treed flat land in Upper Squamish Valley w/18 acres that are across Squamish Valley Road located at mile 16.5. Property is quiet & peaceful with a sandy beach section for exclusive use, 200 campsites, maintenance shop, several outbuildings, sheds & 5 Sea Can storage units (Shipping Containers)
Amenities
- Boat Access
Park Information
Number of RV Lots: | 50 |
Year Built: | 1990 |
Average RV Lot Rent: | $400 |
Size: | 195.0 acre(s) |
Financial Information (Actual)
Gross Income: | $350,000 |
Operating Expense: | $50,000 |
Net Operating Income: | $300,000 |
Expense Ratio: | 14.3 % |
Utility Information
Water: | Well |
Sewer: | Septic |