@ 35 Room Motel For Sale located on Highway 11 in northern Ontario, about 8 hours north of Toronto.
@ 2 living quarters for the owner/manager - 1 with 3 bedroom, 1 bath, full kitchen and 2nd with 1 bedroom, 1 bath and kitchen
@ Over 50% of rooms are with full kitchenettes, a great demand in that area.
@ Heated garage for parking snowmobiles
@ Year round business, activities in winter months as well
@ Secure business from tourist and travelers, Workers from constructions, mining, dam, railway, hydro etc. + groups of snowmobilers, hunters, evacuation etc.
@ A huge lot of over 6.5 Acres facing right on Highway 11, truckers and worker groups prefer.
@ Restaurants, fast food franchises, schools, hospital, grocery stores and other amenities nearby.
@ The seller is retiring after operating for about 15 years.
> Asking Price: $3,300,000 (reduced for quick sale)
> Total Room Revenue: over $750,000 (before taxes & around $900,000 with taxes - everything provable)
> Net Operating Income: over $500,000
Note: A buyer must have about 35% to 40% down payment for the bank loan.
For more info or showing, please contact the listing agent:
NIRAJ PANCHOLI, REALTOR®
Century 21 People's Choice Realty Inc. Brokerage
Specializing in Buying & Selling Motels & Hotels in Ontario
Among TOP 75 Producers in Canada Award & CENTURION® PRODUCER Award Winner 2017-2021
Outstanding Achievement Award of Excellence 2011,2012,2013,2014,2015,2016,2017,2018, 2019, 2020, 2021, 2022
Masters Silver Award 2013, 2014; Platinum Award 2015, Masters Emerald Award 2015, Masters Diamond Award 2016,
Gold Award 2017, Platinum Award 2017, Diamond Award 2018, Platinum Award 2019,
Gold Award 2020. Platinum Award 2021, Successful Listing Agent Awards
Selling all types of BUSINESS, COMMERCIAL & RESIDENTIAL Properties Since 2011
Visit my website for new & updated listings. Not intended to solicit any buyer or seller under contract.
NOTE: Urgent listing required for any size hotel or motel in Ontario. Many qualified Buyers and Investors are seriously looking to buy before the summer.
