4903 57 Avenue
Provost, Alberta
MLS® 44980388
$1,050,000
- Status
- Active
- Property type
- Hospitality
- MLS® number
- 44980388
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 29Listing description
Rare opportunity to acquire a well-established 27-room motel in the heart of Albertas active oilfield region. Deerhead Inn features 10 single rooms, 11 double rooms, 6 kitchenette rooms, and a 2-bedroom managers suite, serving primarily long-term oilfield and industrial workers. Successfully operated by the current ownership for approximately 15 years, the property benefits from a strong base of repeat corporate clientele, stable revenues, and straightforward operations with no restaurant or lounge operations.
Significant capital improvements have been completed in recent years, including new roofing on all three buildings, new gutters and downspouts, multiple water heater replacements, sewer line replacement, parking lot gravel upgrades, electrical improvements, and various building maintenance updates. Strategically located along Highway 13 in Provost, this turnkey business offers attractive cash flow, strong operational history, and future growth potential through revenue optimization and expanded online marketing. An excellent opportunity for investors, owner-operators, or buyers pursuing business immigration opportunities with an established income-producing hospitality asset.
Property summary
- MLS® number
- 44980388
- Property type
- Hospitality
- Square footage
- 10,500 sq ft
- Land size
- 43560 square feet
- Days on market
- 89 days
What would this home cost you?
Based on the $1,050,000 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 MaxWell Polaris, Edmonton.
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.