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5027 Lakeshore DR Sylvan Lake, AB T4S 1R0
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Key Details
Sold Price $5,200,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS® Listing ID A2014705
Sold Date 09/02/23
Originating Board Central Alberta
Year Built 2013
Annual Tax Amount $51,695
Tax Year 2023
Lot Size 0.810 Acres
Acres 0.81
Lot Dimensions 12592
Property Description
The central Alberta economy is on the rise so it's time to invest! 2022 is the Best year end results since 2016 in cash flow, occupancy rates, and average room rates etc. This Best Western Plus is a 2014 72 room, four storey, concrete and steel built hotel located in the center of town across the street from the beach area. Walking distance from shopping, dining, entertainment and the Sylvan Lake beach. Includes a boardroom, business center, fitness room, large pool and hot tub area. This is the only large newer Hotel in the beach area. Very well maintained and managed by the original owner/builder who has previously built many other much larger commercial buildings in Alberta.
Location
Province AB
County Red Deer County
Zoning W-DC
Interior
Heating Combination, Make-up Air, Hot Water, Natural Gas, Zoned
Cooling Central Air, Other
Exterior
Utilities Available Cable Connected, Natural Gas Paid, Electricity Connected, Water Connected
Roof Type Flat Torch Membrane
Lot Frontage 150.0
Building
Foundation Poured Concrete
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Veneer
Others
Restrictions None Known
Tax ID 57491858
Ownership Assign. Of Contract,Bank/Financial Institution Owned,Private
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