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.
5604 4 Avenue
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
—
Baths
—
Sqft
7,301
Year
1970
Type
Other
On market
10d
Exceptional Turnkey Hospitality Investment – Castle Motel, EdsonOpportunity awaits with the Castle Motel, a well-established and profitable hospitality property strategically located along Highway 16 in Edson, one of Alberta's key transportation corridors and the gateway to Jasper National Park. Offering outstanding visibility, strong curb appeal, and a proven operating history, this 16-room motel presents an attractive investment opportunity with immediate cash flow and future growth potential.The property offers a diverse mix of accommodations, including standard guest rooms, studio kitchenettes, and spacious one-bedroom kitchenette suites. Half of the guest units feature full kitchen facilities, making the motel particularly appealing to long-term and extended-stay clientele. Its prime location is directly across from Walmart and within walking distance of restaurants and amenities ensures strong exposure and a steady stream of guest traffic.Known for its loyal customer base and strong repeat business, the Castle Motel has benefited from numerous recent upgrades that have enhanced the guest experience and contributed to its impressive online reputation. Currently ranked among Edson's top-rated accommodations with a 4+ star online presence, the motel enjoys a strong position within the local hospitality market.Designed for operational efficiency, the business requires minimal staffing and is currently managed remotely. Annual revenue is approximately $220,000, generating an adjusted NOI of $110,000. For an owner-operator residing in the onsite three-bedroom manager's suite, income potential could be even greater through reduced accommodation expenses and hands-on management.Future growth prospects are particularly promising. Edson is poised for significant economic expansion with the construction of the new $86 million Edson Leisure Centre and the upcoming $2.8 billion ATCO Yellowhead Pipeline project, both expected to drive increased demand for local accommo dation in the years ahead.Additional value-add potential exists through the conversion of existing space into a 17th guest suite. Plumbing and washroom infrastructure are already in place, with estimated completion costs under $7,000.This turnkey investment offers flexible management options, manageable day-to-day operations, and full training from the current owner to ensure a seamless transition. Offered as-is and competitively priced, the Castle Motel represents a rare opportunity to acquire a profitable, easy-to-operate hospitality asset with strong upside potential. (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
-6.62%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,391
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
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 30, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Edson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.