$1,800,000
$2,203,950
18.3%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
7 Baths
3,974 SqFt
SOLD DATE : 06/16/2024
Key Details
Sold Price $1,800,000
Property Type Townhouse
Sub Type Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,974 sqft
Price per Sqft $452
MLS® Listing ID A2127319
Sold Date 06/16/24
Style 2 Storey
Bedrooms 9
Full Baths 4
Half Baths 3
Condo Fees $1,100
Originating Board Calgary
Year Built 2002
Annual Tax Amount $13,791
Tax Year 2023
Property Description
Investor/Developer alert! Discover a truly exceptional opportunity nestled in the picturesque landscape between Canmore and Banff in the coveted Harvey Heights area. This property isn't just another real estate listing; it's a gateway to unparalleled investment potential and a lifestyle unlike any other in the Bow Valley.
Imagine owning not only three luxurious townhomes but also a commercial amenity unit boasting a pool and sauna – a unique combination poised to unlock multiple streams of revenue. With its prime location and exclusive amenities, this property presents a rare chance to tap into the thriving short-term rental market while also tapping into multiple passive revenue channels.
The centerpiece of this offering is the private amenity building, complete with an indoor pool and sauna. Beyond providing an exclusive retreat for guests, this amenity has the potential to generate substantial membership revenue from other owners in the resort as well as residents in the Harvie Heights community, adding yet another dimension to the property's income potential.
Comprising nine bedrooms and three kitchens spread across three townhomes, this property offers great versatility. Whether rented as individual suites during quieter seasons or combined for larger gatherings such as corporate retreats or family reunions, the accommodation can cater to groups of up to 29 guests. Each unit enjoys stunning south-facing views, providing guests with a breathtaking backdrop to their mountain getaway.
Moreover, the addition of a commercial laundry facility on the lower level further enhances the property's appeal. With the right renovations, furnishings, branding and expert management, this property is poised to generate over $400,000 in gross revenue annually, solidifying its status as one of the most lucrative investment opportunity in the Bow Valley.
Additionally, the property's proximity to the soon-to-open GEM wedding and event center adds further allure. Guests can enjoy the convenience of being just a short walk away from this premier venue, positioning the property as an ideal choice for wedding parties, event attendees, and leisure travelers alike. **Note, GST is included in this price and may be deferred under the Excise Tax Act***
Location
Province AB
County Bighorn No. 8, M.d. Of
Zoning Hotel Condo
Direction S
Rooms
Basement Full, Partially Finished, Walk-Up To Grade
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Jetted Tub
Heating Boiler
Cooling Wall Unit(s)
Flooring Ceramic Tile, Hardwood, Vinyl Plank
Fireplaces Number 2
Fireplaces Type Gas
Appliance Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry In Basement
Exterior
Garage Stall
Garage Description Stall
Fence None
Community Features Clubhouse, Pool, Sidewalks, Walking/Bike Paths
Amenities Available Indoor Pool, Sauna
Roof Type Metal
Porch Deck
Total Parking Spaces 4
Building
Lot Description Private
Foundation Poured Concrete
Architectural Style 2 Storey
Level or Stories Two
Structure Type Stone,Stucco,Wood Siding
Others
HOA Fee Include Common Area Maintenance,Gas,Insurance,Professional Management,Reserve Fund Contributions,Snow Removal
Restrictions None Known
Ownership Private
Pets Description Yes
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