Property Information:
30 Room Motel OpportunityPrice$850,000Location5309 48 Ave, Redwater, AlbertaLand size0.68 acre more or lessLand useC-GEN Commercial General ZonePotential to convert into a senior homeYear built1975Property Tax$12,960 ( year 2026 )Manager suite3 bedrooms (approx. 1316 sq ft) with kitchen, dining room, 1.5 baths and three good size storage rooms Hot water tankReplaced in 2024RoofApprox. 8 years oldExteriorStucco, SidingRoom mix14 Single rooms with 1 double bed7 Kitchenette rooms with 1 double bed, pull out couch 6 Rooms with twin double beds 2 Rooms with kitchenette and 1 double bed 1 Room with kitchenette and twin double beds Note that every room has tv, fridge, microwave and portable air conditioning unit The above property is just 30 mins drive from Northeast Edmonton and is located closed to industrial heartland of Alberta mainly related to oil and gas industry. Redwater is approx. 10 kms from NWR Refinery, Pembina pipeline and Nutriens. When the plants have routine shut down and the work crews come to stay here which are the peak season for the motel. The motel has plenty of free parking for the incoming construction crews. The above project produces good revenues and high proven profit margin, recent appraisal value is at $1.25 million. (id:27)
