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4017 Canada Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | Listed by Keller Williams Great Smokies | $3,250,000 | |
| Listed by Keller Williams Great Smokies | |||
| Sep 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 30, 2026 | Listed by Ivester Jackson Christie's | $3,995,000 | |
| Listed by Ivester Jackson Christie's | |||
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A rare opportunity to own a fully operational, turnkey wedding and event venue nestled atop a breathtaking mountain property with milliondollar panoramic views of Bear Lake. This extraordinary offering combines an established, branded event business with significant future development potential on a large gated wooded tract. The property features three newly constructed, fully furnished cabins ready for immediate occupancy or rental income, a beautifully appointed pavilion, covered entertainment deck, iconic silo bar, and ample storage facilities. Reach the highest elevation of the property along the carved out road where multiple potential homesites capture spectacular long-range mountain vistas. Large wooded areas provide endless possibilities for venue expansion, luxury vacation rentals, private estates, or a future residential development. Perfectly positioned for privacy while remaining conveniently accessible, the property is located directly across from Bear Lake Reserve with public access to Bear Lake via Highway 281. Enjoy easy access on state-maintained roads and proximity to Cashiers, Highlands, Lake Toxaway, and Sylva. Regional access is convenient via Asheville, Greenville-Spartanburg, and Charlotte airports. Adding to its exclusivity, neighboring protected lands held by conservation organizations help preserve the natural beauty and serenity of the surrounding area. Whether you're seeking a thriving event business, an investment property, a mountain retreat, or a premier development opportunity, this one-of-a-kind property offers unmatched potential in one of Western North Carolina's most desirable mountain destinations.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017