9151 Rd 164 Hwy - Hospitality FOR SALE


North Perth, ON N0G 2P0
$2,999,900 CAD
416-558-3487
9151 Rd 164 Hwy, North Perth, ON for Sale
$2,999,900 CAD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

9151 Rd 164 Hwy
North Perth, ON N0G 2P0


HIGHLIGHTS

  • This offers a versatile opportunity to enhance or diversify.
  • Set in a serene location.
  • close to local demand drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park and TG Minto Factory.

OVERVIEW

Seize the opportunity to own a fully renovated 20-room motel with a restaurant, strategically located on a 6.25-acre rectangular site along Hwy 23 North, boasting excellent visibility and easy access, plus ample surface parking for 41 vehicles. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses like a banquet hall or restaurant. Renovations completed between 2018 and 2019 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridors, windows, doors, roofing, & insulation. The lobby features new tiling and drywall, all compliant with municipal plumbing & sewer permit.

FOR SALE DETAILS

PRICE

$2,999,900 CAD

PRICE/SF

$261 CAD /SF

# OF ROOMS

20

PRICE/ROOM

$149,995 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnuson Hotel Vow

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

41

LAND DETAILS

LAND ACRES

6.25 AC

LAND SF

272,250 SF

ZONING

C3-11

APN/PARCEL ID

314041000610900

ASK ABOUT THIS PROPERTY

Varinder PuaarRoyal Lepage Flower City RealtyMore Info
416-558-3487

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Varinder PuaarRoyal Lepage Flower City RealtyMore Info
416-558-3487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.