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$350,000 total
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Asset Class
Hospitality
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
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Occupancy
96%
Year Built
1932
Lot Size
0.27999999999999997 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 102 2 Avenue, Winfield.
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.