107, 743 Railway Avenue

Business For Sale in Town Centre_Canmore, Canmore

A RARE RESTAURANT OPPORTUNITY IN CANMORE ALBERTA – An iconic NE corner location on Railway Avenue with 180-degree Instagramable views of all the brand name peaks spanning from the Royal Ridge to Bald Eagle Peak, Lady Mac, and Grotto to the North, Pigeon mountain to the East, and the infamous Three Sisters to Mount Lawrence Grassi to the South. This prime corner location has been a restaurant since 2004. What started as Sunfood Café, Canmore’s longest-standing vegetarian restaurant was re-envisioned 15 years ago when Elita Restaurant took over in 2008. Known for their vegetarian menu, fresh seafood, paella, and Eastern European flair they are sought out by tourists & tour groups from Europe, China, the US, vegetarians, and most recently, they have become well known to regional tourists for their halal menu too. They also offer catering and private events. Experienced and established owner/operators, this couple’s concept has done very well for them over the years, but now, retirement is calling. The restaurant is being sold turnkey, however, the opportunity for this kind of restaurant space does not come up often, and is in a prime location for a new concept. With very few options offering proper kitchen venting, this lease space is a rare commodity in a growing tourist town. Situated on one of Canmore’s busiest main roads, the street front location offers great visibility and captures plenty of drive-by & walk-by traffic coming from Elevation Place, and “hotel row” on Bow Valley Trail. The 1,245sf lease space has seating for 41, plus a 21-seat 324sf patio with killer views. There are 3 assigned surface parking stalls, plus complex parking and underground parking available after 5pm. 2022 numbers show great covid recovery. New stove and prep fridge installed in Spring 2023. Full information package available with NDA.
Address 107, 743 Railway Avenue
List Price $259,900
Lease Price $29.00
Lease Unit Sqft.
Lease Term Annually
Property Type Commercial
Type of Dwelling Business
Area Canmore
Sub-Area Town Centre_Canmore
Year Built 2000
Maint. Fee $2,127.24
MLS® Number A1228585
Listing Brokerage EXP REALTY
Postal Code T1W 1P2
Zoning GD

Request More Info or a Showing

Donna & Ryan Houston

eXp Realty Canada Inc.

Mobile: 403-688-0388

Office: 403.688.0530

Email Directly