112 12 Avenue SW, Slave Lake

2024-10-17
 

Quick Summary

Location
112 12 Avenue SW, Slave Lake, Alberta T0G2A0
Price
$9,500,000 CAD
Status:
For Sale
Property Type:
Business
Area:
42500ft2
Year of Construction:
2008

MLS®#A2172972

Property Description

Three story limit service 89 room wood frame hotel that used to be NOVA Hotel and converted as Big Lake Inn from 2012 . . Slave Lake has the third largest population base of any Alberta municipality north of Edmonton. Its economy has been driven throughout the past three decades by the Oil& Gas and Forest industries. In a continuing effort to diversify the economy, Slave Lake is encouraging increases in the tourism, manufacturing, and value-added sectors. In addition, Slave Lake is further evolving into an even greater regional service centre, with additional retail, education, health, financial, government, and transportation services. Enterprising men and women recognize the almost unlimited potential for growth and spin-off business in the primary industries of petroleum and forestry, along with burgeoning activity in tourism. REVENUE(Yearend December 31 ) 2022 : $1,975,869, 2023 : $2,856,40, 2024 till September: $2,040,349 NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247 (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 42500 sqft

Land

  • Land Size: 2.42 ac|2 - 4.99 acres

Zoning

  • Description: C 1 Central Commercial District

Information entered by MaxWell Canyon Creek
Listing information last updated on: 2024-10-17 19:17:48


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.

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