$1,522,500
$1,363,950
11.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/06/2024
Key Details
Sold Price $1,522,500
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Bow Valley Trail
MLS® Listing ID A2100518
Sold Date 02/06/24
Condo Fees $1,069
Originating Board Calgary
Year Built 2003
Tax Year 2024
Property Description
This is the perfect property for investors looking to allocate capital into Canmore’s lucrative short-term rental market.
It is one of Canmore’s only STAND-ALONE structures in the downtown core, permitted for short-term rentals. Zoned as Bow Valley Trail Central Commercial District (BVT-C), it has recently received a change of use from Accessory building to Visitor Accommodation.
Located at the center of the Canadian Rockies Chalets Resort. Formally used as the amenities building for the resort, its footprint is perfect to attract and capitalize on larger family and group stays via AirBnb/VRBO. With the opportunity to create either one four plus den suite, or two suites, one on each level.
This two-story property offers 2,058 square feet with breathtaking south-facing views. Additional unique attributes of this property include its two assigned covered parking stalls, 400 square foot covered patio which is perfect for an exclusive hot tub retreat and outdoor dinning area. In a market with only a handful of listings with private hot tubs, this feature will help to garner a substantially higher ADR and occupancy.
Centrally located in Canmore, the property puts you right in the midst all the town has to offer, ensuring both an exceptional experience for future guests and substantial revenue from short-term rentals.
The images show conceptual layouts to provide inspiration to help shape your vision.
Contact us today to schedule your private showing.
Location
Province AB
County Bighorn No. 8, M.d. Of
Zoning bvt-c
Interior
Heating Forced Air, Natural Gas
Cooling None
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 2
Others
Restrictions Architectural Guidelines
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "