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519 2 Av
Hanna, AB T0J 1P0

$1,514,379 USD

Hotel For Sale  •  17,985 SF

Property Details

  • Property Type Hotel
  • Total Building Size 17,985 SF
  • Lot Size 1.17 AC
  • Year Built 1978
  • Cap Rate 16.79 %
  • Zoning CT
0 Transit Score
57 Walk Score

Description

- 44 guest rooms
- 2 bedroom manager’s suite with full bath
- Total building area: 17,985 sq.ft. on 1.7 acres of land
- Significant capital upgrades:
• New sloped metal roof (2014, $150,000)
• Full exterior repaint (2020, $20,000)
• Ongoing interior repainting every 2 years (most recent 2025)
• Hardwood flooring in main floor rooms and hallways
• All new queen bed sets (72), desks, and toilets
• Flat LED TVs (32–42”) in all rooms
• Select rooms with new PTAC units (heating & cooling)
• Microwaves and 3.2 cu.ft. fridges in every room
- Fiber Optic Wi-Fi (Telus)
- Former restaurant, bar & lounge (approx. 46’ x 46’, licensed for 100 seats), fully renovated in 2015 with equipment intact, closed in 2017 but ready to reopen
- Two-car garage, one carport, and two 40ft containers for storage or alternative use

Highlights

Strong Cap rate 16.79%
Upgraded and renovated 2014-2025
Turnkey base investment

Property Flyers

Cap Rate: 16.79 %
Jay Choi 778-652-3835 Sutton Group - 1st West Realty
Jay Choi 778-652-3835 Sutton Group - 1st West Realty