PRICE REDUCED: Discover a unique investment with this 2 storey rooming house, formerly a CN bunkhouse, located on the south side of Wainwright. Situated on an expansive 100 ft X 531.5 ft parcel of land, this substantial property offers 49 individual rooms on two levels, each designed to accommodate tenants comfortably. Centrally located on each floor are shared washroom facilities, and ample storage facilities. The third level houses a forced-air furnace and air conditioning system. The lower level provides laundry facilities, two TV lounges, a secure locker storage area, an on-site office, and a self-contained, two-bedroom manager's suite. With its size, layout, and existing infrastructure, this property presents excellent potential for continued use as a rooming house or reimagined for alternative residential, commercial purposes. An ideal facility for crews completely construction projects in the area. A rare opportunity for savvy investors looking to tap into Wainwright's rental market.
Essential information
MLS® number
A2284052
Status
Active
Price
$225,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
7,633 sq ft
Lot size
53,143 sq ft
Year built
1975
Structure
Low Rise (2-4 stories)
Listing brokerage
Royal LePage Network Realty Corp.
Source
Pillar 9™ MLS® System
Interior
Heating
Boiler, Floor Furnace, Forced Air, Hot Water, Natural Gas
Cooling
Partial
Exterior and construction
Construction
Stucco, Wood Siding
Roof
Asphalt/Gravel, Flat
Foundation
Poured Concrete
Zoning
C2
Parking
Total parking
10
Community
City
Wainwright
Province
AB
Postal code
T9W 1S5
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.
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4 photos$249,900123 Liquor Store SE, Calgary
