We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
359 24 Street
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
—
Baths
—
Sqft
14,706
Year
1980
Type
Business
On market
12d
Excellent opportunity to acquire a well-established hotel/motel in a high-exposure Southern Alberta location positioned along the busy Highway 2 & Highway 3 corridor, approximately 90 minutes south of Calgary. This property benefits from consistent year-round traffic generated by tourism, agricultural activity, local events, and workforce accommodation, while also being ideally situated only 15 minutes from Head-Smashed-In Buffalo Jump, approximately 40 minutes to Waterton Lakes National Park, and within an hour of the U.S. border.The property features 28 guest rooms along with a spacious owner/manager’s residence offering 4 bedrooms and 2 bathrooms, thoughtfully laid out with two bedrooms upstairs and two downstairs — an ideal setup for owner-operators or on-site management. During the winter season, the business maintains strong and stable cash flow through longer-term occupancy, with king kitchenette suites historically achieving approximately $1,300–$1,500/month.Current ownership has completed renovations to five guest rooms, providing buyers with immediate upside potential through continued modernization and operational improvements. The motel generates approximately $350,000 in annual gross revenue, with the current owner reporting approximately $200,000/year in income inclusive of salary.Situated on a large 35,937 sq.ft. (0.825 acre) site with a building size of approximately 14,706 sq.ft., the property offers excellent visibility, accessibility, and ample future potential. The roof and boiler system are estimated to have approximately five years of remaining life, allowing purchasers the ability to strategically plan future capital improvements while operating a stable and income-producing asset in a growing regional market. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 28, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort Macleod. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.