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$2,499,000
Available - For Sale
Listing ID: X8061946
Exciting opportunity awaits for the savvy and ambitious investor. The Historic White House Hotel is a part of Peterborough's downtown history. More than 25000 sq ft on three floors. The main floor operates as a Wild Wing Restaurant and one of the largest bars in the GTA with licensed seating for 520 seats + 62 outdoor seats. The bar area consists of 3 bars, stage with DJ Area & pool tables. The second floor consists of 18 units with the potential to increase or to adjust to see fit. The third floor is ready to be converted into 18-20 units for student bachelors with a communal kitchen. The potential for developing this property is vast and exciting. A few ideas to spark the imagination: repurpose underutilized areas of the building, fitness center, profitable coin laundry, corporate events boardroom, leasing retail space, catering service etc. With the right ideas, strategic planning, and investment, the building has the potential to become a very lucrative asset.
Extras:   Investors can create a very profitable and successful business in addition to the current overall success of the property. Vacancy rate is 1%. Govt grants and incentives available. Incredible opportunity awaits.
Price $2,499,000
Taxes: $18,034
Tax Type: Annual
Occupancy by: Owner
Address: 173 Charlotte St , Peterborough, K9J 2T7, Ontario
Postal Code: K9J 2T7
Province/State: Ontario
Legal Description: PT LTS 2 & 3 S OF CHARLOTTE ST W OF GEOR
Lot Size: 67.25 x 191.5 (Feet)
Directions/Cross Streets: Charlotte St & George St
Zoning: COM/C6
Category: With Property
Use: Service Related
Building Percentage: Y
Total Area: 25,782
Total Area Code:  Sq Ft
Retail Area: 11300
Retail Area Code: Sq Ft
Approximatly Age: 100+
Business/Building Name: The White Hotel
Financial Statement: Y
Chattels: Y
Franchise: Y
Days Open: 7
Hours Open: 12
Employees #: 12
Seats: 520
LLBO: Y
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CENTURY 21 LEADING EDGE REALTY INC.

173 Charlotte St , Peterborough, K9J 2T7, Ontario


 
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At a Glance:
Type: Com - Sale Of Business
Area: Peterborough
Municipality: Peterborough
Neighbourhood: Downtown
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Lot Size: 67.25 x 191.50(Feet)
Approximate Age: 100+
Tax: $18,034
Maintenance Fee: $0
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