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4515 Lakeshore DR Sylvan Lake, AB T4S 1C3
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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A1237583
Sold Date 08/21/23
Originating Board Calgary
Year Built 2000
Annual Tax Amount $13,915
Tax Year 2022
Lot Size 0.400 Acres
Acres 0.4
Property Description
Good value for the property in lake front. Great opportunity to own a LAKE FRONT motel located in town with over 1 million visitors each year. The property has 17,424 sq.ft. land & 10,544 sq.ft. building, with 28 suites (has 23 kitchenettes) plus living quarter. New roof and new hot water tank were completed recently. The building was totally renvavted and the third floor was added on the west building in 2000 after it was built in 1960's. * Additional Note: This motel is just located in hub of Sylvan Lake Sustainable Water Front Area Redevelopment Plan. This big project was launched in January 2019 which is totaly a re-imagine for Waterfront New Projects. Please see attachment about Sylvan Lake Re-development Plan. It can be redeveloped as multi units residence.
Location
Province AB
County Red Deer County
Zoning W-DC
Interior
Heating See Remarks
Building
Water Public
Others
Restrictions None Known
Tax ID 57485094
Ownership Private
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