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Redwater · Retail · under $925,000. Alerts only send when there are new or meaningfully updated matching homes.
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30 Room Motel OpportunityPrice$850,000Location5309 48 Ave, Redwater, AlbertaLand size0.68 acre more or lessLand useC-GEN Commercial General ZonePotential to convert into a senior homeYear built1975Property Tax$12,960 ( year 2026 )Manager suite3 bedrooms (approx. 1316 sq ft) with kitchen, dining room, 1.5 baths and three good size storage rooms Hot water tankReplaced in 2024RoofApprox. 8 years oldExteriorStucco, SidingRoom mix14 Single rooms with 1 double bed7 Kitchenette rooms with 1 double bed, pull out couch 6 Rooms with twin double beds 2 Rooms with kitchenette and 1 double bed 1 Room with kitchenette and twin double beds Note that every room has tv, fridge, microwave and portable air conditioning unit The above property is just 30 mins drive from Northeast Edmonton and is located closed to industrial heartland of Alberta mainly related to oil and gas industry. Redwater is approx. 10 kms from NWR Refinery, Pembina pipeline and Nutriens. When the plants have routine shut down and the work crews come to stay here which are the peak season for the motel. The motel has plenty of free parking for the incoming construction crews. The above project produces good revenues and high proven profit margin, recent appraisal value is at $1.25 million. (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
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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
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Insurance estimate
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Commute
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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).
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 27, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.