Valeria Zhibareva
Broker
Re/Max Realty Enterptises Inc., Brokerage, Brokerage
Independently owned and operated.
1697 Lakeshore Rd W , Mississauga, Ontario L5J 1J4
Cell: 905-599-8574Office: 905-855-2200Fax: 905-855-2201
$2,999,900
Available - For Sale
Listing ID: X9343807
9151 Road 164 (HWY 23) North , North Perth, N0G 2P0, Ontario
| Seize the opportunity to own a fully renovated 20-room motel with a restaurant along with a spacious 2-bedroom owners suite that includes a separate kitchen and living area, strategically located on a 6 - acre rectangular site along Hwy 23 North end of Listowel, boasting excellent visibility and easy access, plus ample surface parking. This Privately owned VOW INN is located 35-minutes North of Kitchener-Waterloo area on Highway 23 North, a Regional Highway connecting with London to the southwest as well as the Bruce Peninsula and Highway 400 to the North and East which sees some 10,000 Vehicles daily. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses. Renovations completed between 2017 and 2020 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridor, windows, doors, roofing, this includes new roof shingles 2020, ESA Permit and new Plumbing / Sewer permit. Opportunities include vibrant Summer Festival in the area, Provincial Hockey tournaments, Hunting, Snowmobiling, and the new construction of a 56-acre commercial plaza nearby. Set in a serene location, the motel is close to local demand drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Spinrite Yarns, LTI Tech (Honda). Listowel Golf Club & Steve Kerr Memorial Complex which hosts a number of supporting events for local and visiting competitors, as well as the developing Northeast Employment Lands. Tremendous potential exists to maximize existing revenue streams such as rooms, Restaurant and Summer outdoor events such as Weddings etc. |
| Extras: Attention all investors & builders: The current Highway Commercial zoning of this property supports a wide array of development projects or expansions to the existing motel. This offers a versatile opportunity to enhance or diversify. |
| Price | $2,999,900 |
| Taxes: | $9012.07 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 9151 Road 164 (HWY 23) North , North Perth, N0G 2P0, Ontario |
| Postal Code: | N0G 2P0 |
| Province/State: | Ontario |
| Lot Size: | 528.00 x 495.00 (Feet) |
| Directions/Cross Streets: | HWY 23 and Line 89 |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Total Area: | 11500.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 1500 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 16-30 |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 9 AM-6 |
| Employees #: | 2 |
| Seats: | 28 |
| LLBO: | N |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Septic |
| Water: | Well |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE FLOWER CITY REALTY |
|
|
Valeria Zhibareva
Broker
Dir:
905-599-8574
Bus:
905-855-2200
Fax:
905-855-2201
| Virtual Tour | Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Perth |
| Municipality: | North Perth |
| Lot Size: | 528.00 x 495.00(Feet) |
| Approximate Age: | 16-30 |
| Tax: | $9,012.07 |
Locatin Map:
Payment Calculator:
