Property Details

Address: 4809 - 54 Street, Bonnyville, AB
Status: For Sale
Price: $1,500,000
Price Per Door: $75,000
No. of Units: 20
Cap Rate: 10.22%

This listing is part of the North-Central Portfolio which includes 4 towns and 116 units. 

 Portfolio List Price: $6,905,000

Portfolio Price Per Door:  $59,525

Portfolio CAP Rate: 9.58%

Amenities 

For more than 15 years, Centre Suite Inns (CSI) has operated as a 76 unit hotel/apartment complex in the town of Bonnyville. It has served a unique function by providing fully-furnished one and two bedroom suites, with full kitchens, as accommodation to those working in the region’s oil and gas industry and related businesses. Many companies have returned to CSI year after year for more than a decade. Of course, CSI also offers clean, friendly accommodation to those passing through town, or attending sports and other events in the Bonnyville region. 

Shoreline Apartments is located at 4809 - 54 Street in Bonnyville, Alberta. It is a twenty suite apartment building with a suite mix of 9 one-bedroom suites and 11 two-bedroom suites.

In 2016, Shoreline was converted to long-term rental accommodations, but could easily be deployed once again as part of CSI’s nightly and weekly rental accommodations business. Management is mature and well trained, long term and well versed with the city.

 

Location

Bonnyville a town located approximately two hours and forty-five minutes north-east of Edmonton. According to the 2016 census, the population of Bonnyville is just over 5,900 residents. The economy is supported through oil and agriculture. There are seven schools operating in Bonnyville, offering education from Kindergarten through Grade 12 in both English and French (for some grades).

A municipal library, RCMP detachment, and Healthcare Centre, which offers emergency, acute and long-term care services, serve the city and surrounding area.

The Centennial Centre, a multi-purpose center for entertainment, sports and recreation was built in 2007. A fitness centre and indoor track, three rinks, and  field house are some of facilities available.

The town`s amenities include: multiple chain hotels, Sobeys, Tim Hortons, McDonalds, DQ, A&W, Mark’s Work Wearhouse, and RBC Bank.

Interested in this Property?

Contact the David G. Parker Team Today