5316 - 50 Avenue | Northfield Commercial Real Estate

Bonnyville, AB

$750,000

Property Attributes

Property Type Multifamily

List Price $750,000

Address 5316 50 Avenue

City Bonnyville

Province AB

Lease or Sale sale

SQFT 0 Sqft

Active / Sold active

Description

5316 – 50 Avenue, Bonnyville, Alberta

List Price: $750,000

Price Per Door: $30,000

CAP Rate: 11.40%

For more than 15 years, Centre Suite Inns (CSI) has operated as a 56 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.
Centre Suite Inns consists of a twenty-five unit, single story motel located on the town’s main commercial route, and Bonnyville Manor, a thirty-one suite, three story apartment building directly across from the Bonnyville and District Centennial Centre. Management is mature and well trained, long term and well versed with the city.

5316 50 Avenue, Bonnyville, AB, Canada

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$750,000

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https://northfieldcommercial.com/properties/5316-50-avenue/

5316 50 Avenue, Bonnyville, AB, Canada

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