11,000 sqft
$749,900
RARE OPPORTUNITY TO OWN THE HIGHLY PROFITABLE 22-ROOM VIKING LAMPLIGHTER MOTEL STRATEGICALLY LOCATED AT 5507 50 STREET! THIS TURNKEY BUSINESS IS A POWERHOUSE FOR AN OWNER-OPERATOR, FEATURING 6 KITCHENETTES AND 13 DOUBLE ROOMS PERFECTLY EQUIPPED FOR STEADY INCOME FROM SHORT-TERM TRAVELERS AND LONG-TERM CONTRACT WORKERS. THE SALE INCLUDES AN UNMATCHED OWNER’S LIFESTYLE FEATURING A FULLY RENOVATED 1,350 SQ. FT. BUNGALOW WITH A FINISHED BASEMENT , A PREMIUM LIVING STANDARD RARELY FOUND IN THE INDUSTRY. BOASTING A 36% REVENUE INCREASE YEAR-OVER-YEAR FROM 2024 TO 2025, THIS BUSINESS SHOWS A CONSISTENT UPWARD TRAJECTORY. POSITIONED DIRECTLY ACROSS FROM THE HIGH SCHOOL NEAR ESSENTIAL SERVICES, THE SITE OFFERS EXCELLENT VISIBILITY AND LONG-TERM LAND VALUE. WELL-MAINTAINED WITH A LOYAL CLIENTELE AND PROVEN SALES HISTORY, VTB FINANCING OPTIONS MAY BE AVAILABLE FOR QUALIFIED BUYERS. INVEST IN THIS HIGH-YIELD ASSET IN A GROWING COMMUNITY TODAY! (id:42619)
Property Details
|
MLS® Number
|
A2310955 |
|
Property Type
|
Business |
|
Community Name
|
Viking |
|
Plan
|
5216mc |
Building
|
Constructed Date
|
1969 |
|
Size Exterior
|
11000 Sqft |
|
Size Interior
|
11,000 Sqft |
|
Total Finished Area
|
11000 Sqft |
Land
|
Acreage
|
No |
|
Size Total Text
|
Unknown |
|
Zoning Description
|
C2 |
https://www.realtor.ca/real-estate/29749295/5507-50th-street-viking-viking