Owned and operated with the same owners for over 18 years, it is now time to retire! Hotel was originally constructed in 1907 with lots of charm and historic character. Renovations over the last 10 years to the carpeting, bar furniture, kitchen appliances, walk in freezer, garage roof, kitchen roof and updated living quarters. Main floor tavern, licensed for 125 patrons, fully functional bar, VLTs, billiards, darts, entertainment area and commercial kitchen. Second floor living and Income suites. Spacious and updated living quarter with 3 bedrooms and roof top patio plus 5 additional rental units. Outdoor Patio and Garage - seasonal patio with seating for up to 100, ideal for hosting community events, live music and private functions. Ideal property for an investor or entrepreneur looking to operate and reside on site. Turn key operation!
Essential information
MLS® number
A2303859
Status
Active
Price
$350,000
Property type
Commercial
Type
Hotel/Motel
Transaction
For Sale
Restrictions
None Known
Building area
6,200 sq ft
Year built
1907
Structure
Hotel/Motel
Listing brokerage
RE/MAX MEDALTA REAL ESTATE
Source
Pillar 9™ MLS® System
Interior
Included
c-can in back (insulated with shelving and door on each side)
Exterior and construction
Zoning
HC
Commercial
Business type
Bar/Tavern/Lounge
Community
City
Irvine
Province
AB
Postal code
T0J1V0
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
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2 photos$249,900Cochrane
