Business in your area
MLS® A2290919
$4,300,000
- Status
- Active
- Property type
- Business
- MLS® number
- A2290919
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1958
Listing description
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.
Property summary
- MLS® number
- A2290919
- Property type
- Business
- Square footage
- 18,805 sq ft
- Built in
- 1958
- Annual property taxes
- $22,232.44
- Days on market
- 148 days
What would this home cost you?
Based on the $4,300,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CIR Realty, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.