Space
Finished area and layout
- Building Area
- 9,048 sqft
- Above Grade
- 9,048 sqft
- Finished Breakdown
- Above 9,048 sqft
9,048 sqft
Building Area
1958
Year Built
Property Snapshot
Key details for this listing
MLS #A2315848
Property
Type, style and structure
- Type
- commercial
- Style
- business / Business
- Ownership
- Freehold
- Year Built
About This Property
This business in Wainwright offers 9,048 sqft of building area. Built in 1958.
MLS Remarks
Well-maintained motel located in Wainwright, offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of approximately $139,000, providing an attractive return for investors.The motel features 22 rentable guest rooms plus a manager's suite and office. It benefits from a strong mix of clientele including work crews, healthcare professionals, railway personnel, and general travelers. Approximately 50% of occupancy is derived from long-term stays, providing consistent and predictable cash flow throughout the year.The business is currently operated by an on-site manager couple, making it an ideal opportunity for investors seeking passive or semi-passive ownership. The manager's suite is conveniently located adjacent to the front office, contributing to efficient day-to-day operations. There is also potential to increase profitability through owner-operation.The property has been well maintained, with major renovations completed in 2016. A new hot water tank was installed in 2025, and low immediate capital expenditure is anticipated. One guest room currently requires renovation and is being offered in as-is condition.Situated on approximately 1.5 acres, the property offers future expansion or redevelopment potential. Supported by demand from Canadian Forces Base Wainwright, the local oil and gas industry, agriculture, and regional services, this is an excellent opportunity to acquire a stable hospitality asset in a resilient regional market. (id:60351)
Full Listing Details
Address601 14 Avenue
MLS#A2315848
Listing StatusActive
Property TypeCommercial
Sub-TypeBusiness
TransactionSale
Days on Market150
Common InterestFreehold
Annual Tax$18,700 (2025)
StyleBusiness
Year Built1958
Living Area9,048 sqft
Above Grade Area9,048 sqft
CityWainwright
ProvinceAlberta
Postal CodeT9W1B3
SubdivisionWainwright
Zoning Detailsc3
Annual Tax$18,700 (2025)
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