This 22 unit motel features a large 3 Bedroom manger’s suite and attached office. The half acre property features a single storey building and is located at a main intersection on the thoroughfare to downtown. The City benefits from a strong tourism industry, and the motel has many customers that return year after year from the US, Europe and the rest of Canada. As well, the Forestry Industry provides a steady flow of workers needing accommodation. Most rooms have kitchens to accommodate longer stays. The same owners since 1996 are ready to retire.
Currently, the owners have opted to have the majority of rooms for monthly rentals. This has the benefit of making it easy to run for a single operator, and provides for a consistent revenue stream.
- Asking Price:
- $2,100,000 (CAD)
- Sales Revenue:
- $250K - $500K (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
Large 3 BR Suite
Other Information
- Owner financing:
- Owner financing is available. Please contact the seller for more information.