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$1,698,000
Available - For Sale
Listing ID: X8490422
KING-SIZE OPPORTUNITY! Turn Key Accommodations Showcasing 18 BRAND NEW RENOVATED Modern Guest Suites! Property has undergone a 3-year long FULL and Extensive Renovation and Mechanical Refurbishment Now Complete! Various Suites Can Accommodate Double Occupancy. Certified and Licensed for 21 Migrant Workers! Ideal Hotel Accommodations / Migrant Worker / Student Housing / Senior Suites. Hotel Ownership Opportunity in a Booming Growth Area. Located in an Established Neighborhood, Steps to Commercial Hub and Close Proximity to Key Routes: >> 4 km / 7 Min to Windsor Casino >> 3.5Km / 6 Min to University of Windsor >> 10 Km / 10 Min to Windsor International Airport! 4500 sf Restaurant Can Be Run as a Complimentary Restaurant or Bistro. RENT Out Restaurant as an Extra Profit Centre - OR- Reconfigure into 5 More Rental Suites and Retain a Guest Cafeteria / Cantina! New Interiors, Washrooms and Hallways, 2 New HVAC Roof Top Units, 18 New Split HAVC Units, Beds, Microwaves and Much More! MASSIVE OVERSIZED PARKING Approx. 75 +/- spots. Potential Expansion / Possible Severance, or Rental Profit Centre with Shuttle Service. Wow! Superbly Maintained Brand New Renovation! Efficient Layout and Significant Potential. Being Offered Well Below Replacement Cost AN EXCEPTIONAL Investment Opportunity Centrally Located in a Rapid Growth Area. Truly a RARE Offering! Offer Submissions Are Welcome July 9th, 2024. Call Listing Agent to Make Appointments. Collateral Agreement in Effect.
Price $1,698,000
Taxes: $12,649.73
Tax Type: Annual
Occupancy by: Vacant
Address: 1353 Wellington Ave , Essex, N8X 2C1, Ontario
Postal Code: N8X 2C1
Province/State: Ontario
Lot Size: 132.51 x 122.75 (Feet)
Directions/Cross Streets: Tecumseh & Wellington
Zoning: MD2.13
Category: Accommodation
Use: Other
Building Percentage: Y
Total Area: 12,000
Total Area Code:  Sq Ft
Area Influences: Major Highway   Public Transit
Heat Type: Elec Forced Air
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
STERLING REALTY INC.

1353 Wellington Ave , Essex, N8X 2C1, Ontario


 
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Type: Com - Investment
Area: Essex
Municipality: Essex
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Lot Size: 132.51 x 122.75(Feet)
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Tax: $12,649.73
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