Property view at 112 12 Avenue SW, Slave Lake - Commercial investment property with 42,500 sqft - Photo 1 of 9 | Calgary real estate investment
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112 12 Avenue SW

Slave Lake, Alberta T0G 2A0
MLS® A2172972369 days on marketListed Oct 17, 2024
Exclusive Offering
$8,700,000
42,500Living Space
2008Year Built

Property Overview

Attention for the huge reduction the price ! 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 : $2,737,938 NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$205/sqft
Below Calgary average - potential value opportunity

Investment Considerations

Established Property: May require updates to maximize rent potential. Consider renovation costs in analysis.
Long Market Exposure: Significant negotiation opportunity. Consider reasons for extended listing period.
Commercial Investment: Evaluate rental demand and property management requirements for this property type.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.