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  • * $675,000
  • Built1924
  • DOM308
$675,000

7719 17 Avenue, in Coleman, AB

This is a Commercial Listing.

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7719 17 Avenue, in Coleman

Welcome to the historic Grand Union Hotel, a true landmark that embodies the rich heritage of Coleman. Originally built in 1904 as a wooden structure, it was later reconstructed into its current magnificent brick form in 1924. This iconic establishment holds a significant place in the town's history and offers a unique opportunity for ownership. Under the current ownership, the Grand Union Hotel is thriving with multiple revenue streams. The property features seven Video Lottery Terminals (VLTs) and a vibrant bar on the main level, known for hosting live music events. Additionally, a separate street-facing space is leased for salon services, adding further value to this exceptional property. Ascending to the top floor, you'll discover a beautifully remodeled manager's suite. This spacious suite boasts a comfortable living room, a well-appointed kitchen, three inviting bedrooms, and a bathroom. The top floor also houses ten rental rooms, each equipped with sinks, and two additional bathrooms to cater to the needs of the guests. These rooms are currently operational and generating rental income. Moving to the second floor, you'll find six rental rooms complete with private bathrooms, ensuring the utmost convenience for guests. Additionally, six more rooms are available, each featuring sinks, with two bathrooms specifically designated to serve these rooms. The rooms have been well-maintained, with recent updates enhancing their appeal. The basement of the Grand Union Hotel offers a range of amenities, including coin laundry facilities, two bathrooms, and ample storage space. Mechanical systems have seen recent upgrades, particularly in the heating system, ensuring efficient operation. With the growing trend of development and revitalization in historical downtown Coleman, this property presents a remarkable opportunity for investors. Embrace the chance to be part of the ongoing transformation and capitalize on the potential this esteemed establishment holds. Don't miss your chance to own a piece of history and become a steward of the Grand Union Hotel. Contact your favorite realtor to schedule a viewing today and explore the possibilities that await in this thriving and historically significant location.

$675,000
7719 17 Avenue, Coleman, Alberta

Essential Information

  • MLS® #A2059474
  • Price$675,000
  • Price per Sqft51
  • Price Per SqFt$51
  • Bathrooms0.00
  • Acres0.00
  • Year Built1924
  • TypeCommercial
  • Sub-TypeHotel/Motel
  • StatusActive
  • Days on Market308

Interior

  • HeatingNatural Gas, Boiler

Additional Information

  • ZoningRetail Commercial C1

Community Information

  • Address7719 17 Avenue
  • CityColeman
  • ProvinceCrowsnest Pass
  • Postal CodeT0K 0M0

Exterior

  • ConstructionBrick, Concrete
  • FoundationPoured Concrete
  • Lot Size Square Feet0.00

Listing Details

  • Listing OfficeeXp Realty of Canada
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.