$2,280,000
$2,490,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
2.84 Acres Lot
SOLD DATE : 03/26/2025
Key Details
Sold Price $2,280,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Leduc Common
MLS® Listing ID A2186574
Sold Date 03/26/25
Year Built 1991
Annual Tax Amount $27,108
Tax Year 2024
Lot Size 2.840 Acres
Acres 2.84
Property Sub-Type Hotel/Motel
Source Calgary
Property Description
The subject is well located and easily accessible to a major north/south throughfare, Highway 2 which connects Edmonton and Calgary. Huge 2.84 Acres of C3(General Commercial District) zone of land with 2 storey 48 units of (288Sqft/room) the motel. It can be developed such as clinic, Automotive Sales, restaurants and other professional office, recycling, storage etc at the extra land with a motel business operation (Refer to the zone classification). The subject has a 6.75% site coverage ratio which is substantially less than maximum allowable under the zoning regulation for the C3 Classification( 30%).
Revenue Details (Year end June 30) 2022: $237,767, 023 : $331,578 , 2024 : $447,209 , NOI : 2023 : $131,968, 2024 :$264,431
Location
Province AB
County Leduc
Zoning C3
Others
Restrictions See Remarks
Tax ID 56782967
Ownership Private
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