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:4069)
Address
5063 MADSEN Road
List Price
$1,750,000
Property Type
Hospitality
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Radium Hot Springs
Lot Size
2.21 Sq. Ft.
Year Built
1982
MLS® Number
10397861
Listing Brokerage
REMAX Kelowna
Postal Code
V0A1M0
Ownership
Strata
Site Influences
View
Water Source
Municipal water
Sewer
Municipal sewage system
