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$1,980,000
Available - For Sale
Listing ID: X10419257
Seize this unique opportunity to own a well-established motel business with stunning waterfront views. The Monte Carlo Motel consists of two separate buildings on individually titled lots (Pins). This family-owned, 25-unit motel overlooks the scenic St. Lawrence River and provides a mix of accommodations across two buildings. Ten rooms are kitchenette suites, and there's also a spacious two-bedroom "owner's suite" with an office. There are 4 basement suites included in the room breakdown. Situated on two lots on either side of Bryden Ave, this motel offers daily, weekly, and monthly rentals, catering to both short-term and long-term guests. The business has been meticulously maintained with updates to ensure comfort and appeal. Financial statements are available upon signing a Confidentiality Agreement, and a VTB mortgage may be available with a 50% down payment. Don't let this exceptional opportunity pass by!
Price $1,980,000
Taxes: $21,391
Occupancy by: Owner
Address: 1606-17 MONTREAL Rd , Cornwall, K6H 1G1, Ontario
Postal Code: K6H 1G1
Province/State: Ontario
Legal Description: LT 48 PL 82; PT LT 2 CON 1 CORNWALL AS I
Lot Size: 50.1 x 115.5 (Feet)
Directions/Cross Streets: From Cornwall, go East on Montreal road until Bryden Ave. Motel is on the corner of Montreal Road an
Zoning: Res 20
Category: With Property
Use: Hospitality
Business/Building Name: Monte Carlo Motel
Gross Income/Sales: $226700
Net Income Before Debt: $98700
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

1606-17 MONTREAL Rd , Cornwall, K6H 1G1, Ontario


 
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Type: Com - Sale Of Business
Area: Stormont, Dundas and Glengarry
Municipality: Cornwall
Neighbourhood: 717 - Cornwall
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Lot Size: 50.10 x 115.50(Feet)
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Tax: $21,391
Maintenance Fee: $0
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