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8329 20 Avenue
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Coleman · Business · under $150,000. Alerts only send when there are new or meaningfully updated matching homes.
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Prime opportunity to own a well-equipped pub and grill restaurant located on the busy highway 3 in Coleman. Coleman is a community in the beautiful Rocky Mountains within the Municipality of Crowsnest Pass in southwest Alberta, Canada. Highway is busy all year around as it leads to Sparwood that is known for hiking, biking, fishing and mountain scenery and Fernie that is known for skiing and snowboarding. This 2700 sq. ft. space features seating capacity of 100 in dining area and 120 in outdoor patio. The restaurant boasts a full commercial kitchen with nearly new equipment and liquor licence. Restaurant is doing a good business with close to $50000 monthly gross sale. Total lease amount is $9500 that includes a restaurant, patio and a legal 1 bedroom basement suite for the staff, Perfect for a small family to live in a beautiful scenic Rocky Mountains. Snow removal is being shared equally by both Landlord and Tenant. Seller added a new under counter dishwasher, Ice Machine, Two Slide Coolers, Microwave, Prep table and dough machine after buying. It also provides the flexibility to convert into other cuisines, such as Korean, Vietnamese, Italian, or Mexican, subject to the landlord's approval. (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
67.75%
Cap rate
18.42%
GRM
4.5
Break-even rent
$867
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 24, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.