Address
5063 Madsen Road, Radium Hot Springs, BC
Price
$ 1,650,000
Property Attributes
  • ID#10397861
  • TypeHotel
  • Listing Status Active
  • MunicipalityRadium Hot Springs
  • CityRadium Hot Springs
  • AreaRadium Hot Springs
  • NeighbourhoodRadium Hot Springs
  • Postal CodeV0A 1M0
  • Style
  • Year Built1982
  • Price$ 1,650,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size2.21 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description

Radium Chalet is an 18-unit boutique hotel holding one of the most recognizable hillside positions in Radium Hot Springs, offered as a rare single-ownership hospitality asset at the doorstep of two national parks. The three-storey chalet, built circa 1982, The roof and bathrooms were renewed in2014 and added a new parking-lot retaining wall the same year. The property covers 2.216 acres across 18 separate titles, 17 strata lots plus one fee-simple lot, all consolidated under single ownership. Zoning is C-2 under the Village of Radium Hot Springs. Municipal water and sewer serve the site. Buyers should confirm permitted uses with the Village of Radium Hot Springs. Furthermore, Radium Hot Springs sits at the crossroads of Highways 93 and 95, 1.5 hours from Banff and 3 hours from Calgary, drawing a year-round mix of park visitors, golfers, skiers and road travellers. This property is offered together with the neighbouring Rocky Mountain Springs Lodge (5067 Madsen Rd) as a combined hospitality portfolio at $3,000,000 total. (id:7434)

General Features

Property Type Hospitality
Neighbourhood Radium Hot Springs
Building Type Other
Ownership Type Strata

Interior Features

Building Fireplace Present False

Exterior Features

ViewType Mountain view
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Hotel Average in V0A 1M0

Price
AVG $1.85M
$1.65M
Year Built
AVG 1972
1982