Active
$4,300,000
MLS® #A2290919
- 18,805 Sqft
- Built 1958
- Business
- ✓ Spacious Layout
Prime income-generating property offered at $4.3 M, featuring 32 GUEST ROOMS, 21 VLTs, a FULL-SERVICE BAR, LIQUOR STORE, and TWO LEASED RESTAURANT spaces. This well-established operation delivers approximately $2M in ANNUAL REVENUE, with multiple diversified income streams.Recent upgrades include approximately $2 MILLION IN RENOVATIONS (2020), with significant improvements to guest rooms including NEW WASHROOM AND SEPARATE HAVC SYSTEMS, enhancing operational efficiency and guest experience. Situated on 0.6 acres, the building spans 25,392 sq. ft., including a 11,377 sq. ft. main floor and 6,587 sq. ft. basement, allowing for efficient operations and future potential.Owned and successfully operated by the same owner for over 20 years, this is a rare, stable, and profitable investment with proven performance.An ideal opportunity for investors seeking a high-cash-flow asset with diversified revenue streams and strong upside potential. (id:66619)
Features
Interior
18,805 sqft
Year Built
1958
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
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Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
Interested in this property?
Contact Kirsten Bernal for more information or to arrange a showing.
Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.
