$299,900.00 1,245 Sq.ft

107, 743 Railway Avenue , Canmore. T1W 1P2


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 14 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. Full information package available with NDA.

Listing Information

Prop. Type:Commercial
MLS #:A1228585
Neighbourhood:Town Centre_Canmore
Building/Unit Size: 1,245 sq.ft
Land Size:0.00 Acre
Listing Price:$299,900.00
Lease Rate: $29.00 Annually
Business Type: Restaurant Restaurant
Property Subtype:Business
Transaction Type:For Lease
Land Use Code:GD
Listing Contract Date:2022-06-10

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