Heating
Oil
Embleton House B&B / Small Inn – For Sale Licensed with the City of Yellowknife since 1999 Address: 5203 – 52 Street, Yellowknife, NT Zoning: R3 Residential Asking Price: $1.25 Million (Based on 2024 appraisal by Stewart Weir McDonald) Property Overview Embleton House has a very comfortable home for the owner. Although it is presently operating as a B&B / Small Inn. It has potential to operate as any number of other revenue making resources. Let your entrepreneurial spirit be your guide. It is a long-established, award-winning accommodation business in the heart of Yellowknife. Fully licensed and in continuous operation since 1999, this unique property combines a beautifully maintained private residence with four architecturally designed, self-contained studio suites. The property sits on an 8,169 sq. ft. residential lot (R3 zoning)—officially confirmed by the City of Yellowknife as residential, not commercial. This means buyers may qualify for residential financing, not commercial lending. The home and business are to be sold together as a complete package. Appraisals & Value •2022 Appraisal: $1,110,000 (residential only, no business value included) •2024 Appraisal: $1,250,000 (property + business) •Additional Upgrades Since 2024: Over $45,000 in new improvements not reflected in the appraisal. Recent upgrades include: •New roof with full ice block installation (2024) •New hot water system (2024) •Kitchen coffee nook added with lighting (2024) •Fire safety system inspection and renewal (2025) •Regular servicing of boiler and heating systems (2025) •Yard and tree maintenance (2024) – The business is debt-free, fully inspected, and maintained to an exceptional standard. Included Business Assets Embleton House is a turnkey operation with approximately $279,000 in included business assets, such as: •Fully furnished and themed guest suites •Linens, décor, and operational equipment •Office furniture •Established website and online presence (estimated rebuild value: $20,000) •Loyal clientele and long-standing reputation for quality and cleanliness •Future confirmed bookings through 2026 Property Features Main Residence: •Expansive master suite with custom oak cabinetry built-ins, jacuzzi tub, and ceramic finishes •Second bedroom/office with hardwood floors •Modernized bathroom (2018) •Spacious living room with custom hand made oak bar and fireplace •Oak kitchen cupboards with granite countertops and wall oven Property Landscaping: Award-winning landscaped yard with annual flower beds, and large cement pond with fountain Tree trimming maintenance was done in the fall of 2025 Lower-Level Apartment: •Three fully furnished bedrooms •Full kitchen and bathroom •Laundry facilities •Ideal for staff, rental, or guest accommodation •New flooring in kitchen bedroom 2 and bathroom 2024 Studio Suites (Small Inn): •Four large, themed suites (420 square feet each) / (built 2003–2005 with engineered and architectural design) •Fire detectors, fire doors, water sprinklers, •Kitchenettes, dining area, •Private full bathroom with an additional air massage tub in each suite •In-floor heating, air exchange, and private thermostats •Two suites with skylights and fireplaces •Folding chair that makes a twin bed in Suite #4 and on transportable cot (twin size) •Queen beds in all suites and two with twin beds as well •All suites are fully furnished right down to dishes and cooking implements Garage & Systems: •Wi-fi through out the house and in garage. •A large double garage with boiler system that heats the main house and garage. •Garage has large air compressor •In residence there is a Fire suppression and hardwired alarm system ($45,000) •Stamped decorative concrete drive and walkways •A phone system that can be reconnected at any time should it be needed. Additional Revenue Opportunities Embleton House offers multiple options for the new owner: •Continue as a thriving B&B / Small Inn business •Operate as a luxury private home with guest income •Convert suites for extended-stay rentals •Future potential for rezoning or expanded tourism operations •Day care •Senior living •Health retreat •Treatment Center •Offices •Small Stores •Health services center Sale Terms •Property and business to be sold together as one package •No vendor financing available •Proof of bank financing pre-approval required with all offers A Rare Opportunity This is a rare chance to acquire one of Yellowknife’s most reputable and profitable small inns—immaculately maintained, fully equipped, and ready for new ownership. Embleton House has earned its respected reputation over 25 years of hospitality excellence and offers exceptional value as a home and business in one.
