This 1980 motel sits right in the middle of Cold Lake in high traffic on the main road that runs through Cold Lake from the South to the Cold Lake Marina and beautiful Cold Lake in the North, one of the largest lakes in Alberta. There are a total of 41 rental rooms that consist of 9 double queen beds with kitchenettes on the North side main level & 9 single beds on the South side main level. The upper level has 10 double queen bed units on the North side & 10 single bed units on the South side. In addition, there is 1 bachelor unit & 2 one bedroom apartment style suites with a living room; full kitchen; full bath; & a separate bedroom. Presently the main level 1 bedroom suite serves as the office & the upper level 1 bedroom suite is the manager's quarters. A potential buyer could continue to operate the building as a motel; the building could also be converted to 20 - 1 bedroom suites and rented out; or office space on the bottom level and 1 bedroom suites on the upper level. Cold Lake Real Estate.