Exceptional redevelopment or operational opportunity in Spirit River! Pleasant View Lodge is a well-maintained, institutional-quality 42-suite care facility offering 22,177 sq. ft. of space on 2.32 acres of R4 High Density Residential land, priced at only $45/sq. ft. Now vacant and available for immediate occupancy or repositioning, this versatile property offers tremendous potential for seniors housing, assisted living, specialized care, workforce accommodation, or multi-family conversion. Every suite features its own private bathroom, with 26 suites equipped with full tubs or showers. The facility is exceptionally well equipped with a commercial kitchen, spacious common areas, assisted bathing rooms, staff facilities, offices, commercial laundry, hair salon, and a 26' x 40' maintenance shop. Extensive capital improvements provide a strong foundation for the next owner, including boilers replaced in 2015, hot water tanks in 2022/2023, a torch-on roof completed in 2018, and modern double-glazed vinyl windows. Outside, the property offers ample parking, mature landscaping, and a peaceful setting close to parks and local services. Located approximately 50 minutes from Grande Prairie, this substantial property combines existing infrastructure, flexible R4 zoning, and an attractive acquisition cost, creating a unique opportunity for investors, operators, developers, or organizations seeking a large-scale facility in Northern Alberta.
Essential information
MLS® number
A2339364
Status
Active
Price
$999,900
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
22,177 sq ft
Lot size
101,059 sq ft
Year built
1960
Structure
Other
Listing brokerage
Sutton Group Grande Prairie Professionals
Source
Pillar 9™ MLS® System
Interior
Heating
Boiler
Included
as is
Exterior and construction
Construction
Concrete, Wood Frame
Roof
Other
Foundation
Poured Concrete
Zoning
R4
Parking
Total parking
20
Community
City
Spirit River
Province
AB
Postal code
T0H 3G0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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45 photos$959,0004816 52 Street, Wetaskiwin
