Business for Sale

Radium Hot Springs Country Inn

usiness
7557 Canyon Avenue Radium Hot Springs Kootenay East Kootenay
$759,000.00
 

Syber Realty is pleased to offer the Village Country Inn in beautiful Radium Hot Springs! Built in 1996 this is one of Radium’s unique accommodation properties, it has excellent curb appeal! The building consists of 14 individual rooms complete with bathrooms and all amenities associated with a modern “hotel” room. On the main floor there is common room that is currently used a tea room, the owners sell and serve afternoon tea. There is also a large fully equipped kitchen that although not a commercial kitchen, it is certainly large enough to accommodate most cooking situations. The current owners purchased the property / business in 2008 as a transition into retirement. They operate it on a semi-casual basis, they do not live on site, close at 9 PM and close at least 1 month a year. The Village Country Inn has been operating at a 21% to 24% occupancy level over the last 3 years, while the average Radium Hot Springs occupancy level has been in the range of 35% during the same time period. This property offers many opportunities, either as its current use as an Inn with a focus on perhaps a more upscale clientele, offering a spa or retreat programs, more food services, or perhaps pursuing one of the many uses under the broad-based C-2 zoning such as a three family dwelling, professional offices, bed and breakfast, health spa, medical clinic, restaurant and a multitude of other options! The facility is well built with over 7,000 square feet of finished space, it has a partial basement and crawl space. It has an excellent location across from the town’s main park and is within easy walking distance to local restaurants and shops! If you are looking for a property that is priced well below replacement cost that has a multitude of uses, in one of British Columbia’s most beautiful areas that is rich in recreational opportunities such as skiing, hiking, hot springs and golf to name a few, then the Village Country Inn should be on your list!



 
 
 
 
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Community Profile: Radium Hot Springs

Kootenay
East Kootenay

Golf. Ski. Hike. Watch wildlife. Participate in one of many events. Soak in the hot springs. Or just watch clouds roll across the high peaks and listen to the wind in the pines. Located in the Columbia Valley on a high ridge with its back to Kootenay National Park and long views toward the Purcell Mountains to the west, photo-friendly Radium Hot Springs is an outdoor recreation

Statistics
Total Population 776
Median Household Income $78,976 ($CDN)
Closest Commercial Airport Canadian Rockies International Airport (137km)
Closest Ocean Port Port Metro Vancouver (786km)
Closest Major Centre Calgary (282km)
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