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112 12 Avenue SW, Slave Lake, AB, T0G 2A0

MLS® # A2172972
Commercial For Sale In Slave Lake, Alberta
$9,500,000
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
112 12 Avenue Sw, Slave Lake, AB
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ACTIVE
112 12 Avenue SW, Slave Lake, AB, T0G 2A0
$9,500,000

Property Information:

Three story limit service 89 room wood frame hotel that used to be NOVA Hotel and converted as Big Lake Inn from 2012 . . Slave Lake has the third largest population base of any Alberta municipality north of Edmonton. Its economy has been driven throughout the past three decades by the Oil& Gas and Forest industries. In a continuing effort to diversify the economy, Slave Lake is encouraging increases in the tourism, manufacturing, and value-added sectors. In addition, Slave Lake is further evolving into an even greater regional service centre, with additional retail, education, health, financial, government, and transportation services. Enterprising men and women recognize the almost unlimited potential for growth and spin-off business in the primary industries of petroleum and forestry, along with burgeoning activity in tourism. REVENUE(Yearend December 31 ) 2022 : $1,975,869, 2023 : $2,856,40, 2024 till September: $2,040,349 NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247

Inclusions: Will provide

Property Features:

  • Built in: 2008
  • Business Type: Hotel/Motel
  • Floor Space (approx): 42500.00 Square Feet
  • Lot Size: 105415.00 Square Feet
  • Zoning: C 1 Central Commercial Di

Courtesy of: MaxWell Canyon Creek

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 112 12 Avenue SW, Slave Lake, AB, T0G 2A0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

26 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate-Low

26 hot days expected in 2050

27/100

Moderate-Low

ClimateCheck®

Current data

This property, 112 12 Avenue SW, experiences 7 hot days per year at around 26.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 26 hot days at 29.8 degrees Celsius.

Projected Avg. Temperature

Past
26.6℃
2050
29.8℃

# Hot Days Per Year

Past
7
2050
26

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

27/100

Moderate-Low

ClimateCheck®

Current data

This property, 112 12 Avenue SW, experiences 10 significant 2-day storms per year, with about 203.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 220.9mm of precipitation per year.

Precipitation Per Storm

Past
203.2mm
2050
220.9mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 112 12 Avenue SW, Slave Lake, AB, T0G 2A0

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$116,490.18

Average Number of Children

1.91

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.39 %

High school certificate or equivalent

25.73 %

Apprenticeship trade certificate/diploma

8.93 %

College/non-university certificate

14.68 %

University certificate (below bachelor)

2.79 %

University Degree

19.48 %

Commuter

Travel To Work

By Car

86.77 %

By Public Transit

0.0 %

By Walking

12.9 %

By Bicycle

0.0 %

By Other Methods

0.33 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.22 %

Houses

69.78 %

Own Vs. Rent

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