For Sale · Hospitality

102 2 Avenue, Winfield

102 2 Avenue, Winfield, AB T0C2X0

$350,000 total

—

Asset Class

Hospitality

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

96%

Year Built

1932

Lot Size

0.27999999999999997 ac

About this property

Step into a piece of history with the former Winfield Hotel and former liquor store located on a spacious 100 x 120 lot. This distinctive property combines the charm of the original hotel with a thoughtfully designed addition, offering a blend of character and potential. Original Hotel + New Addition: The original structure has been expanded to include a second story over a partial basement and crawl space, providing extra room for a range of possibilities. Main Level: Open bar area, perfect for entertaining or conversion, with space for a pool table. A designated food prep area connected to both the original bar and the newly added café/deli space. Separate ladies’ and men’s washrooms, serving both the bar and café. Second Story: 9 rooms in total – 5 original rooms and 4 constructed over the addition, each with its own bathroom. Second floor is approximately 90% complete. This property is perfect for investors and visionaries. With most of the heavy lifting done, it’s ready to finish and customize!Other Property Types: Commercial LandOwnership Interest: PrivateSite Services: Electricity,Fully Serviced,Garbage Collection,Lane,Natural Gas,City WaterSite Influences: Corner Site,Back LaneTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Colin ClarkeAppointment Phone: 780-202-2100Paragon Listing ID: E4406815 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$350K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$5K

Cash-on-cash

4.95%

DSCR

1.27

Going-in cap

7.03%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

93,581

Households

33,004

Median income

$129,500

Median age

35.7

Daytime population

107,351

5-yr growth

7.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 102 2 Avenue, Winfield.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.