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$ 1,950,000
Est. payment | /mo
13,902 SqFt
$ 1,950,000
Est. payment | /mo
13,902 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 13,902 sqft
Price per Sqft $140
MLS Listing ID A2279592
Year Built 1972
Property Sub-Type Hotel/Motel
Property Description
Excellent opportunity to own a well-established motel in Cardston,Alberta. This 37-room property benefits from a strong history of repeat clientele and consistent seasonal performance,making it an ideal investment for an owner-operator or investor seeking a stable hospitality business. The majority of business demand occurs during the busy summer tourism season from June through September,when the area experiences high visitor traffic. This seasonal peak provides strong annual revenue potential,while the shoulder and off-season months offer opportunity for continued growth through marketing and expanded services.
The motel offers a wide variety of room configurations to accommodate diverse guest needs,including standard rooms,multi-room suites,and units with kitchenettes. Many of the rooms have been recently renovated and updated,providing modern,comfortable accommodations with additional upside for further improvements.
A major added benefit is the on-site 1,800 sq. ft. three-bedroom living quarters,ideal for an owner or property manager. This private residence adds significant value and convenience for hands-on operation.
The property also includes additional space that could be renovated into a monthly rental unit. With strong local demand for long-term housing in Cardston,this presents an excellent opportunity to create a reliable year-round income in addition to the motel operations.
Additional features include ample storage areas,functional common spaces,and room for potential future expansion. The size and layout of the property provides flexibility to grow operations and increase revenue streams over time.
The current manager has been successfully operating the motel for nearly two years and is willing to remain with new ownership,ensuring continuity and a smooth transition.
The motel offers a wide variety of room configurations to accommodate diverse guest needs,including standard rooms,multi-room suites,and units with kitchenettes. Many of the rooms have been recently renovated and updated,providing modern,comfortable accommodations with additional upside for further improvements.
A major added benefit is the on-site 1,800 sq. ft. three-bedroom living quarters,ideal for an owner or property manager. This private residence adds significant value and convenience for hands-on operation.
The property also includes additional space that could be renovated into a monthly rental unit. With strong local demand for long-term housing in Cardston,this presents an excellent opportunity to create a reliable year-round income in addition to the motel operations.
Additional features include ample storage areas,functional common spaces,and room for potential future expansion. The size and layout of the property provides flexibility to grow operations and increase revenue streams over time.
The current manager has been successfully operating the motel for nearly two years and is willing to remain with new ownership,ensuring continuity and a smooth transition.
Location
Province AB
Zoning DRIVE-IN/HIGHWAY COMMERCI
Interior
Heating Natural Gas
Inclusions All current room furnishings, beds, tables, chairs, nightstands, dressers, window coverings, computers, and office equipment.
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions See Remarks
Listed by RE/MAX CARDSTON REALTY
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Grace Logura
Viren is the Real Estate in Calgary, I would like to say he's very good person, he understood client, when making their choice on what they like or not, He's he's patient, and kind, if I know someone who went to buy house, i will recommend him.
keith mascarenhas
If you are looking for someone to help you with your real estate needs in Calgary look no further than Viren Vijayashankar. With his affable style and genuine care to meet your requiremnts he offers the best advice backed by years of fine tuned expertise. He helped us with some difficult remote decision making and look forward to working with him in the future.
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