Property Details
601 14 Avenue
Wainwright (A2315848)
Description
Well-maintained motel located in Wainwright, offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of approximately $139,000, providing an attractive return for investors.
The motel features 22 rentable guest rooms plus a manager's suite and office. It benefits from a strong mix of clientele including work crews, healthcare professionals, railway personnel, and general travelers. Approximately 50% of occupancy is derived from long-term stays, providing consistent and predictable cash flow throughout the year.
The business is currently operated by an on-site manager couple, making it an ideal opportunity for investors seeking passive or semi-passive ownership. The manager's suite is conveniently located adjacent to the front office, contributing to efficient day-to-day operations. There is also potential to increase profitability through owner-operation.
The property has been well maintained, with major renovations completed in 2016. A new hot water tank was installed in 2025, and low immediate capital expenditure is anticipated. One guest room currently requires renovation and is being offered in as-is condition.
Situated on approximately 1.5 acres, the property offers future expansion or redevelopment potential. Supported by demand from Canadian Forces Base Wainwright, the local oil and gas industry, agriculture, and regional services, this is an excellent opportunity to acquire a stable hospitality asset in a resilient regional market.
Property details
- MLS® #
- A2315848
- Property Type:
- Commercial
- Subtype:
- Hotel/Motel
- Subdivision:
- Wainwright
- Price
- $1,390,000
- Sale/Lease:
- For Sale
- Size:
- 9,048 sq.ft.
- Year Built:
- 1958 (68 years old)
- Structure Type:
- Hotel/Motel
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- The seller will provide an equipment list.
- Zoning:
- c3
- Business Type:
- Hospitality
- Possession:
- Negotiable
- Days on Market:
- 41
Basic Info
Building Info
Lot / Land Info
Business Info
Listing Info
Contact
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Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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