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272 Wallace Street
Hope & Area Hope V0X 1L0

$2,490,000
Business with Property, Retail

View of building exterior with a mountain view
Photo 1: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 2: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 3: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 4: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 5: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 6: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 7: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Photo 8: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
Status:
Active
Prop. Type:
Business with Property, Retail
MLS® Num:
C8077321
Bus Major:
Travel
Build. Type:
Low Rise (2-4 storeys)
Rare opportunity to own a landmark property in the city center of Hope. The Hope Motor Motel has 11 guest rooms with restaurant set up, and it's ready for your new idea. The adjacent liquor store on with property is potentially available for purchase. The property is zoned for CBD-Downtown Commercial with flexible zoning use. Future Potential for Retail on main, Motel or residential units on top. Hope is experiencing high growth, seize this strategic location now for your future business endeavors.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Business with Property, Retail
Commercial Type:
Accommodation Travel & Tourism
Business Name:
Hope Motor Motel
Business Type:
Travel, Hotel/Motel
Business Established Year:
1960
Construction:
Frame Wood
Building Type:
Low Rise (2-4 storeys)
Year built:
1960 (Age: 66)
Living Area:
18,233 sq. ft.
Lot Area:
16,117.2 sq. ft.
Zoning:
Potential to Redevelop:
Mixsed use property with comm in ground lvl and res on top, Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Cooling:
See Remarks
Electricity:
Yes
Services Connected:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Sewer:
Public Sewer, Storm Sewer
Env Assmt Comment:
Property sold in "as is where is" condition
Parcel Number:
010532072
Taxes:
$0 / 2026
No
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Mixsed use property with comm in ground lvl and res on top, Yes
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of building exterior with a mountain view
  • Photo 2: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of building exterior with a mountain view
  • Photo 3: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of commercial location with uncovered parking
  • Photo 4: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of commercial property featuring uncovered parking
  • Photo 5: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of property with a mountain view and uncovered parking
  • Photo 6: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    Aerial view of property and surrounding area with property parcel outlined
  • Photo 7: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    View of property exterior featuring stucco siding
  • Photo 8: 272 Wallace Street: Hope Business with Property for sale (Hope & Area)  : MLS®# C8077321
    Map / location
Listed by RE/MAX City Realty
Data was last updated March 25, 2026 at 08:40 PM (UTC)
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