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5505 Highway 12 W
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Coronation · Business · under $875,000. Alerts only send when there are new or meaningfully updated matching homes.
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CORONATION MOTEL - Located in the heart of Alberta’s active energy and agricultural corridor, the Coronation Motel offers strong year-round demand from oil & gas workers, pipeline crews, and regional agricultural operations. Built in 1975 and situated on a generous 5.5-acre lot with excellent Hwy 12 exposure, this 41-room property provides ample parking for trucks and long-term crews. The motel operates 38 rooms, including several kitchenette units ideal for extended-stay guests, plus an owner’s residence for added convenience. With steady industrial activity in the region, the business maintains consistent occupancy and reliable revenue. Recent improvements enhance operational efficiency, and the large site offers future expansion potential. Priced at $880,000, this exceptional opportunity delivers strong value and attractive cap-rate potential for both owner-operators and investors seeking stable cash flow in a proven Alberta market. ROOMS/BUILDINGS SUMMARY - The Coronation Motel comprises a total of 41 rooms, with 38 rooms currently in operation. The room mix includes 3 single-bed kitchenette rooms, 5 double-bed kitchenette rooms, and 2 suite-style kitchenette rooms. In addition, 2 rooms are currently under renovation, and 1 room is used for storage. The property is situated on approximately 5.5 acres of land and includes 2 motel buildings as well as 1 owner’s residence. All guest rooms are equipped with air conditioning, a refrigerator, microwave, television, and Shaw cable service, with individually controlled heating provided via in-room thermostats. (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).
Cash on cash
-6.68%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,876
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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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.
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 Jan 24, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.