Added 1 month ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Hotel/Motel/Inn
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Zoning: Res 20
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Age: No Data
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Taxes: 21391
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MLS®#: X10419257
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Days on Site: 36 Days
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Added: Nov 07, 2024 (1 month ago)
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Updated:
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Last Checked: 47 minutes ago
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Listed By: KELLER WILLIAMS INTEGRITY REALTY
1700 & 1606 Montreal Road. Seize this unique opportunity to own a well-established motel business with stunning waterfront views. The Monte Carlo Motel consists of two separate buildings on individually titled lots (Pins). This family-owned, 25-unit motel overlooks the scenic St. Lawrence River and provides a mix of accommodations across two buildings. Ten rooms are kitchenette suites, and there's also a spacious two-bedroom "owner's suite" with an office. There are 4 basement suites included in the room breakdown. Situated on two lots on either side of Bryden Ave, this motel offers daily, weekly, and monthly rentals, catering to both short-term and long-term guests. The business has been meticulously maintained with updates to ensure comfort and appeal. Financial statements are available upon signing a Confidentiality Agreement, and a VTB mortgage may be available with a 50% down payment. Don't let this exceptional opportunity pass by!
Property
Status: Sale
Type: Hotel/Motel/Inn
Property Type: Sale Of Business
Property Type: With Property
Net Income: 98700
Area: Cornwall
Community: 717 - Cornwall
Availability Date: TBD
Building
Basement: Y
Water Supply: Municipal
Parking
Covered Parking Spaces: 17
Fees
Tax Year: 2024
Tax Legal Description: LT 48 PL 82; PT LT 2 CON 1 CORNWALL AS IN S265547; T/W S265547;
Taxes: $21,391
Expenses: Est
Tax Year: 2024
Land
Cross Street: From Cornwall, go Ea
Municipality District: Cornwall
Parcel Number: 601610041
Lot Depth: 115.5 Feet
Lot Frontage: 50.1 Feet
Lot Irregularities: 1
Zoning: Res 20
Additional Media
- Virtual Tour: https://youtu.be/POnzMZ0t6lQ
Commercial Specific
Number of Employees: 1
Retail Area Metric: Sq Ft
Hours Open: 24
Days Open: 7
Franchise: N
Tangible Property Included: Y
Business/Building Name: Monte Carlo Motel
Financial Statement: Y
Gross Income/Sales: 226700
LLBO: N
St. Matthew Catholic Elementary School
Elementary: CatholicImmaculate Conception Separate School
Elementary: CatholicCornwall Intermediate School
Elementary: PublicÉcole intermédiaire catholique La Citadelle
Elementary: CatholicBishop Macdonell Separate School
Elementary: CatholicCentral Public School
Elementary: PublicSt Matthew Catholic Secondary School
Secondary: CatholicÉcole secondaire publique L'Héritage
Secondary: PublicSt Lawrence Secondary School
Secondary: PublicÉcole secondaire catholique La Citadelle
Secondary: CatholicCornwall Collegiate and Vocational School
Secondary: PublicSt Joseph's Secondary School
Secondary: Catholic
