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$2,995,000
Status: OFF MARKET
You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8166504 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :04 Jun, 2024 (303 Days ago) |
| Source | :TRREB |
| Area | :Hastings |
|---|---|
| Postal Code | : K0K 2K0 |
| Price | : $2,995,000 |
|---|---|
| Property Taxes | :$8763.76 |
| Tax Year | :2023 |
|---|
| Cross Street | :Highway 7, 5.7 Km W Of Hwy 62 |
|---|
| Fireplace/Stove | :No |
|---|
22 Mar, 2024
TREB #X8166504
Available
$2,995,000
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