$699,900
For more information regarding the value of a property, please contact us for a free consultation.
0.54 Acres Lot
SOLD DATE : 07/04/2023
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2046012
Year Built 1979
Annual Tax Amount $7,603
Tax Year 2021
Lot Size 0.536 Acres
Property Description
Fantastic owner/operator opportunity in beautiful Sundre Alberta! This 31 room motel comes with a 3 bedroom home for the new owner, PLUS another separate/independent suite for another family! Buy a business, get 2 free homes included! At the peak of the business, revenue was approx $400,000/year. The current owners have run the business 17 years and are ready to retire. Great opportunity for the next owner to make it their own as they live and enjoy the small town atmosphere of Sundre. Of the 31 rooms, there are 4-2 bed with kitchenettes, 6-1 bed with kitchenettes, and 21 standard rooms, all with AC. The rooms rent out on average approx $70/night. Montlhly rentals are approx $1200/month. Currently, the income generated pays for all expenses including taxes and the owners live on the premise for free. Also, there is a double attached garage at the back for the owners use. There is lots of Oil and Gas business surrounding Sundre along with forestry. If you've dreamed of running your own business while living a quiet country lifestyle AND, you need a home, this could be the opportunity you've been looking for! Make your mark and start your business today!
Location
Province AB
County Mountain View County
Zoning C2
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP