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$3,000,000
Available - For Sale
Listing ID: X11996381
Priced to Sell - 6 Acre lot,11500 Sft-20 Rooms Motel (19 Rentable Rooms, 1 Game Room with Potential to turn it into a Rentable Room), plus a 2 Bedroom Owner suite (2 BR, 1 Bath, kitchen, living and dining), extensively renovated. A 528 ft. Frontage on Ontario HWY-23 N, easily visible from street. The property, currently zoned as Highway Commercial, offers a variety of development and expansion opportunities. This parcel is ideally suited for a range of developments. With its substantial size and strategic zoning, the property is ripe for a visionary developer to maximize its potential fully. Renovations completed between 2017 and 2020 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridor, windows, doors, roofing, this includes new roof shingles 2020, ESA Certified, Energy efficient Base board Heaters and new Plumbing/Sewer permit approved. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Listowel Golf Club, Spinrite Yarns, LTI Tech. (Honda), Steve Kerr Memorial Complex and developing Northeast Employment Lands. With the current owner looking to retire, this presents a unique opportunity for a motivated buyer to capitalize on the property's potential. Under new management, there is tremendous scope to enhance revenue and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential. Attention all investors & builders: The current Highway Commercial zoning of supports a wide array of development projects or expansions to the existing motel. Property Serviced by Hydro One for Electricity & Enbridge Gas for Natural Gas.
Price $3,000,000
Taxes: $9,012.07
Tax Type: Annual
Occupancy by: Owner+T
Address: 9151 Road 164 (HWY 23) Road North , North Perth, N0G 2P0, Perth
Postal Code: N0G 2P0
Province/State: Perth
Legal Description: PT LOT 24, CONCESSION 8 WALLACE , AS IN
Directions/Cross Streets: HWY 23 and Line 89
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: T
Total Area: 6
Total Area Code:  Acres
Office/Appartment Area: 11500
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Approximatly Age: 16-30
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 9AM-6PM
Employees #: 2
Seats: 28
Maintenance: 0
Sprinklers: No
Outside Storage: F
Rail: N
Crane: F
Soil Test: No
Heat Type: Baseboard
Central Air Conditioning: Yes
Sewers: Septic
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ROYAL LEPAGE FLOWER CITY REALTY

9151 Road 164 (HWY 23) Road North , North Perth, N0G 2P0, Perth


 
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At a Glance:
Type: Com - Investment
Area: Perth
Municipality: North Perth
Neighbourhood: Wallace
Style:
Lot Size: x 495.00(Feet)
Approximate Age: 16-30
Tax: $9,012.07
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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