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    Courtesy of Syamal Raha of Re/Max Excellence.

    4403 118 AV NW

    Edmonton, AB T5W 1A8
    • $810,000
    • STATUS: Active
    • ID#: E4187049
    UPDATED: 28 min ago
    $810,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,300
      SQFT
    • $111
      $/SQFT
    Neighbourhood:
    Type:
    Business Opportunity
    Built:
    1964
    Area:

    Description

    Here is an opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building has 15 and one-story building has 2 guest rooms (GR). 7 GR comes with full bath (FB) and 2 separate rooms with queen beds (QB). 5 GR has FB and 1xQB. Remaining 5 GR has half bath and 1xQB. Rooms are furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/managers suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential.

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    © 2020 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2020-07-14T16:36:39.457 UTC.
    Mortgage Calculator is provided by BoomTown.
    www.bestedmontonhomesearch.com/homes/103121264
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    4403 118 AV NW Edmonton, AB T5W 1A8

    • Price: $810,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: E4187049
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,300
    SQFT
    $111
    $/SQFT
    1964
    Built
    Neighbourhood:
    Beverly Heights
    Area:
    Edmonton
    Property Description
    Here is an opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building has 15 and one-story building has 2 guest rooms (GR). 7 GR comes with full bath (FB) and 2 separate rooms with queen beds (QB). 5 GR has FB and 1xQB. Remaining 5 GR has half bath and 1xQB. Rooms are furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/managers suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential.
    Property Features

    Land Use Zoning Cb2 Major Business Type Accommodation/Travel And Tourism Minor Business Type Hotel/Motel Property Type Details Business With Property Transaction Type For Sale

    © 2020 REALTORS® Association of Edmonton. All Rights Reserved.
    Mortgage Calculator is provided by BoomTown.


    © 2020 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2020-07-14T16:36:39.457 UTC.
    Mortgage Calculator is provided by BoomTown.
     
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    Edmonton AB, T6C 2C8