5063 MADSEN Road, Radium Hot Springs

About this property

Radium Chalet is an 18-unit boutique hotel holding one of the most recognizable hillside positions in Radium Hot Springs, offered as a rare single-ownership hospitality asset at the doorstep of two national parks. The three-storey chalet, built circa 1982, The roof and bathrooms were renewed in2014 and added a new parking-lot retaining wall the same year. The property covers 2.216 acres across 18 separate titles, 17 strata lots plus one fee-simple lot, all consolidated under single ownership. Zoning is C-2 under the Village of Radium Hot Springs. Municipal water and sewer serve the site. Buyers should confirm permitted uses with the Village of Radium Hot Springs. Furthermore, Radium Hot Springs sits at the crossroads of Highways 93 and 95, 1.5 hours from Banff and 3 hours from Calgary, drawing a year-round mix of park visitors, golfers, skiers and road travellers. This property is offered together with the neighbouring Rocky Mountain Springs Lodge (5067 Madsen Rd) as a combined hospitality portfolio at $3,000,000 total. (id:66811)