







1/95032 Caxton St W, Whitecourt, AB T7S 0B8, Canada, Whitecourt, AB T7S0B8
$2.4M total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
96%
Lot Size
0 ac
The Ritz Cafe & Motor Inn is a motor inn property located along Hwy 43 in Whitecourt. The property includes a main building with guest rooms, restaurant area, lounge area, meeting room, reception area, self-service laundry, and VLT area, plus a separate single-storey annex building with additional guest rooms.The site is approximately 2.84 acres and is zoned C-3 Highway Commercial District. The property offers frontage along Caxton Street, access from 34 Avenue, municipal services, and on-site parking for guests, restaurant patrons, and commercial vehicle traffic.The main building was originally constructed in 1979, with later additions completed in the 1980s. The annex building was added in 1997 and includes guest rooms with updated bathroom fixtures and lighting. The property is positioned on the west side of Whitecourt with highway commercial, light industrial, and residential uses in the surrounding area. Existing C-3 zoning may allow for additional commercial use or development, subject to municipal approval. (id:66811)
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Monthly debt service
$11K
Projected NOI
$178K
Annual cash flow
$45K
Cash-on-cash
6.24%
DSCR
1.34
Going-in cap
7.41%
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
138,379
Households
56,030
Median income
$122,500
Median age
37.1
Daytime population
191,824
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5032 Caxton St W, Whitecourt, AB T7S 0B8, Canada, Whitecourt.
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.