Rare opportunity to own a profitable Lake Front motel at exceptionally attractive location in Sylvan Lake. Sylvan lake has a long history as a popular resort town, with a beautiful lake and a well developed waterfront. Just in summer, Sylvan Lake attracts more than 760,000 visitors. This property consists of two buildings with 28 suites (23 of them are kitchenettes) and a 3 bedroom manager's suite. Well maintained, optional unique cedar-log suites and a choice of 2,4,6 or 7 person suites for the customers. Recent upgrades include a new roof and a new hot water tank. Lots of potential. Note: This motel is located in the hub of Sylvan Lake Sustainable Water Front Area Redevelopment Plan known as REIMAGINE Sylvan, which launched in January 2019 resulting in more visitors year-round. (4656078)
Subdivision Name
Downtown
Annual Property Taxes
$16,934.78 (CAD)
Time on REALTOR.ca
1552 days
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