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309 Main Street, Three Hills

$1,190,000

About this property

-Motel rooms are lease to long term tenants of $850 per a month. -Room and roof of motel were renovated in 5 years ago. -Only Bar in town with 5 VLTs. -Liquor sales is $400,000 with 22~24% margin. -New owner can run the local popular restaurant business or lease it. -3,500 population with schools, hospital, grocery store, etc. -1.5 hours from Calgary, 2.5 hours from Edmonton.

Essential information

MLS® number
A2159933
Status
Active
Price
$1,190,000
Property type
Commercial
Type
Hotel/Motel
Transaction
For Sale
Restrictions
None Known
Building area
5,500 sq ft
Lot size
9,950 sq ft
Year built
1991
Structure
Hotel/Motel
Listing brokerage
RE/MAX Complete Realty
Source
Pillar 9™ MLS® System

Interior

Included
The Equipment (Chattel) List is TBD.

Exterior and construction

Zoning
CB

Commercial

Business type
Bar/Tavern/Lounge, Hotel/Motel, Liquor Store, Restaurant

Community

City
Three Hills
Province
AB
Postal code
T0M 2A0

Where it is

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Approximate location, plotted from the listing’s own coordinates.

Business valuation calculator

SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.

Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.

Trading

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The deal

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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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