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106 Chitek DRIVE
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Beds
—
Baths
—
Sqft
9,667
Year
2023
Type
Business
On market
152d
Incredible business opportunity!! Little Pine Lodge is a thriving and growing year-round cabin rental business with boat/kayak/fishing shack/and snowmobile rentals and a clothing boutique, PLUS a Fishing lodge with an outfitting license. Owners are continuing to do improvements to grow this incredible business drawing clientele from all over western Canada. This property is 4 lots with 105’ of lakefront, 4 dock spaces, marina with rental spots and a boat house. Situated along the shores at the gorgeous Chitek Lake with its breath-taking views, quick access to the water and beaches making it the perfect location for your guests. Featuring 9 Cabins, 2 being waterfront. Cabin #1-192sq ft sleeps 4. Cabin #2- 240sq ft sleeps 4. Cabin #3- 1209 sq ft sleeps 12. Cabin #4- 768sq ft Sleeps 8. Cabin #5 -768sq ft sleeps 8. Cabin #6 -720sq ft Sleeps 8. Cabin#7 -740sq ft sleeps 5. Cabin #9 -480sq ft sleeps 7. Cabin #10 -1850sq ft Sleeps 20 with a new Hot Tub. New 150’ well in 2021, new water pressure system in 2021, 7 septic tanks. Little pine Cabins sale includes all cabins fully furnished. Newly renovated and expanded Boutique now stocked with grocery, as well as serving ice cream, dole whip and all the cabin/lake essentials (this is an optional addition to the business and can be scaled down or stay the same depending on buyers wants/desires). All clothing, and grocery items in the boutique will be at landed invoice cost on the date of possession. With the new highway completed in the summer 2023 the drive to this incredible lake even more breathtaking than before. This business opportunity would be the perfect multifamily investment that would provide the flexibility for owners, and allowing the business to continue to grow and flourish. Financial statements will only be released and available to interested parties who sign a confidentiality agreement. If Buyers want to purchase as a "Share Sale" Sellers list price is is reduced to $3,000,000. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.22%
Cap rate
3.62%
GRM
16.7
Break-even rent
$19,796
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 5, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chitek Lake. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.