Courtesy of Lee Smithson of Re/Max Real Estate.

    439 Memorial Pk

    Rural Red Deer County, AB T4E 1Z8
    • $12,500,000
    • STATUS: Active
    • ID#: E4145035
    UPDATED: 71 min ago
    $12,500,000
    • 0
      BEDS
    • 1.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 51,723
      SQFT
    • $242
      $/SQFT
    Neighbourhood:
    Type:
    Business Opportunity
    Built:
    2017

    Description

    INVESTMENT OPPORTUNITY! The Suites is a unique hybrid tenancy model that is part apartment and part hotel (aka Apartel). This 92 Suite Apartel consists of furnished studio and 1 bedroom short term rentals along with unfurnished monthly rental units. Suites can be converted from non-furnished to furnished suites depending on demand. Every suite has kitchen, internet and cable service. In suite/coin op shared laundry and/or commercial linen services are available. Profitable building with low vacancy rates located in the Gasoline Alley West Business Park in Red Deer County.

    Monthly Payment Calculator



    © 2019 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2019-05-25T06:36:31.903 UTC.
    Mortgage Calculator is provided by BoomTown.
    www.muveteam.com/homes/92148936

    439 Memorial Pk Rural Red Deer County, AB T4E 1Z8

    • Price: $12,500,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: E4145035
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.61
    Acres
    51,723
    SQFT
    $242
    $/SQFT
    2017
    Built
    Neighbourhood:
    None
    Area:
    Red Deer County
    Property Description
    INVESTMENT OPPORTUNITY! The Suites is a unique hybrid tenancy model that is part apartment and part hotel (aka Apartel). This 92 Suite Apartel consists of furnished studio and 1 bedroom short term rentals along with unfurnished monthly rental units. Suites can be converted from non-furnished to furnished suites depending on demand. Every suite has kitchen, internet and cable service. In suite/coin op shared laundry and/or commercial linen services are available. Profitable building with low vacancy rates located in the Gasoline Alley West Business Park in Red Deer County.
    Exterior Features

    Site Description Paved LotPylon/SignHighway AccessLow Maintenance Landscape

    Property Features

    Amenities Features Alarm SystemElevator PassengerEmergency LightingLaundry FacilityNatural LightPaved YardParking-VisitorDetectors SmokeHot Water Natural GasLaundry-Coin-OpLaundry-In-Suite Land Use Zoning Dcd-9 Major Business Type Accommodation/Travel And Tourism Minor Business Type Hotel/Motel Nearest Town Red Deer Property Type Details Business With Property Quarter Southeast Site Services Fully Serviced Transaction Type For Sale

    © 2019 REALTORS® Association of Edmonton. All Rights Reserved.
    Mortgage Calculator is provided by BoomTown.


    © 2019 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2019-05-25T06:36:31.903 UTC.
    Mortgage Calculator is provided by BoomTown.
     
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    Edmonton AB, T6A 0K1
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