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1916 10 Avenue, Spruce View

$485,000

About this property

Exceptional opportunity to acquire a well-maintained commercial property in the heart of Spruce View, Alberta, home to the long-standing Tivoli Garden Cafe. This property has been a staple in the community and surrounding Central Alberta region for over 20 years, offering strong visibility and consistent local traffic. Constructed in 1996, the building has been thoughtfully maintained and remains in excellent condition. Designed for food service, the property features a fully built-out commercial kitchen with updated equipment, allowing for seamless continued operation. The functional layout supports efficient workflow, with dedicated prep areas, ample storage, and customer seating. Outdoor patio space enhances seasonal capacity and customer experience. Ample on-site parking and convenient access further contribute to the property's appeal for both local clientele and visitors. Situated on a well-positioned 12,000 sq.ft. lot , this offering provides an excellent opportunity for investors or owner-operators seeking a quality commercial asset at a price point well below replacement cost. Whether continuing as a restaurant or repurposing for another commercial venture, this property delivers versatility, strong community presence, and longterm value. Spruce View is ideally positioned on Highway 5 , with easy access to Sylvan Lake, Innisfail, Rocky Mountain House, Gleniffer Lake, and Dickson Dam — providing both a loyal local customer base and steady highway traffic year round.

Essential information

MLS® number
A2303452
Status
Active
Price
$485,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
2,580 sq ft
Lot size
12,632 sq ft
Year built
1996
Structure
Low Rise (2-4 stories)
Listing brokerage
Maxwell Real Estate Solutions Ltd.
Source
Pillar 9™ MLS® System

Interior

Heating
Natural Gas
Cooling
Central Air
Included
Restaurant equipment list.

Exterior and construction

Foundation
Poured Concrete
Zoning
CTC

Commercial

Business type
Restaurant

Community

City
Spruce View
Province
AB
Postal code
T0M 1V0

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

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