Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$2,200,000
( $139.11Per Sq Foot )
$11,810 est/mo Sourced by Back At You12704 120 Street NW,Edmonton, AB T5E5N5
Edmonton, AB T5E5N5
Description
DOVER HOTELA Multi-Revenue Hospitality & Commercial Investment OpportunityAn established hospitality property offering multiple income streams, over one acre of land, and significant value-add potential.Built in 1941, Dover Hotel combines hospitality, entertainment, retail, and real estate investment opportunities. With several existing revenue sources and room for expansion, the property offers potential for an owner-operator or investor seeking to enhance income and unlock additional value.KEY INVESTMENT HIGHLIGHTSOver 1 acre of land offering future development potential22 guest rooms, with 12 currently operationalOpportunity to activate additional rooms following required electrical-system upgrades30 VLTs providing an established entertainment revenue streamLounge and restaurant generating food and beverage revenueLiquor store and convenience store providing additional retail incomeATM and guest room rental revenueThree lots potentially available for separate sale, subject to applicable approvalsNo asbestos in the building, potentially simplifying future renovationsMULTIPLE REVENUE STREAMSDover Hotel offers a diversified operating model combining:Lounge - Restaurant - Liquor Store - Convenience Store - VLTs - Guest Rooms - ATMThese complementary operations provide opportunities to generate revenue from hospitality, entertainment, food and beverage, and retail.SIGNIFICANT UPSIDE POTENTIALOf the 22 guest rooms, 12 are currently operational. The remaining rooms offer an opportunity to expand accommodation capacity following the required electrical upgrades.The propertys substantial landholding adds further investment appeal. Three lots may potentially be sold separately, subject to approvals and market conditions, providing an opportunity to generate capital or explore redevelopment options.OPPORTUNITY TO ADD VALUEAn incoming owner may explore opportunities to:Expand room inventory and accommodation revenueModernize existing facilitiesOptimize lounge, restaurant, and retail operationsMaximize the VLT operations potentialEvaluate the separate sale of three lotsExplore redevelopment or alternative uses, subject to zoning and municipal approvalsA COMBINATION OF BUSINESS & REAL ESTATEDover Hotel offers the opportunity to acquire an operating hospitality business alongside a substantial real estate asset with multiple existing revenue streams and identifiable value-add opportunities.For an owner-operator, it offers several complementary businesses under one roof. For an investor, it provides a platform to pursue operational improvements, additional income, and potential long-term real estate value.Dover Hotel - Established operations, diversified income, and room to grow. (id:13843)
Details
| MLS # | 45727793 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1941 |
| Days On Site | 16 |
| Listing Provided By | RE/MAX Excellence | Syamal Raha |
Features
| SQ Feet | 15,815 |
|---|---|
| Acreage | 1.06 |
Interior
| Fireplace Yes / No | No |
|---|
Parking
| Parking Total | 125 |
|---|
Area Information
| Province | AB |
|---|---|
| City | Edmonton |
| Postal Code | T5E5N5 |
| Listing VS Median (in T5E5N5) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 15,815 low | high Med: 15,815 $ / sqft: $139 low | high Med: $139 On site: 16 low | high Med: 16 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Edmonton |
| Postal Code | T5E5N5 |
| Listing VS Median (in T5E5N5) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 15,815 low | high Med: 15,815 $ / sqft: $139 low | high Med: $139 On site: 16 low | high Med: 16 | |
Listing Updated: October 9, 2026 at 4:04:56 PM PDT
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