Added 4 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Other
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Zoning: MD2.13
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Age: No Data
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Taxes: 12649.73
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MLS®#: X8490422
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Days on Site: 74 Days
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Added: Jun 29, 2024 (4 months ago)
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Updated:
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Last Checked: 6 hours ago
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Listed By: STERLING REALTY INC.
>>> OPPORTUNITY KNOCKS! <<< Turn Key Multi -Suite Accommodation - Showcasing 18 BRAND NEW RENOVATED Modern Guest Suites! Property has undergone a 3-year long FULL and Extensive Renovation and Mechanical Refurbishment Now Complete! Various Suites Can Accommodate Double Occupancy. Certified and Licensed for 21 Migrant Workers! Ideal Hotel Accommodations / Migrant Worker / Student Housing / Senior Suites. Hotel Ownership Opportunity in a Booming Growth Area. Located in an Established Neighborhood, Steps to Commercial Hub and Close Proximity to Key Routes: >> 4 km / 7 Min to Windsor Casino >> 3.5Km / 6 Min to University of Windsor >> 10 Km / 10 Min to Windsor International Airport! 4500 sf Restaurant Can Be Run as a Complimentary Restaurant or Bistro. RENT Out Restaurant as an Extra Profit Centre - OR- Reconfigure into 5 More Rental Suites and Retain a Guest Cafeteria / Cantina! New Interiors, Washrooms and Hallways, 2 New HVAC Roof Top Units, 18 New Split HAVC Units, Beds, Microwaves and Much More! MASSIVE OVERSIZED PARKING Approx. 75 +/- spots. Potential Expansion / Possible Severance, or Rental Profit Centre with Shuttle Service. Wow! Superbly Maintained Brand New Renovation! Efficient Layout and Significant Potential. Being Offered Well Below Replacement Cost AN EXCEPTIONAL Investment Opportunity Centrally Located in a Rapid Growth Area. Truly a RARE Offering! Offer Submissions Are Welcome. EZ- Access Showings - Call Listing Agent to Make Appointments. Collateral Agreement in Effect.
Extras
Can Be operated as a Stabilized Long Term Multi-Suite Rental -OR- Run as Short Term Accommodation/Hotel for Higher Revenue Stream! -OR- Senior's Home Accommodation!
Property
Status: Sale
Type: Other
Property Type: Investment
Property Type: Accommodation
Area: Essex
Availability Date: 60 Days /TBA
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Elec Forced Air
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 70
Fees
Tax Year: 2024
Taxes: $12,650
Taxes Type: Annual
Land
Cross Street: Tecumseh & Wellingto
Municipality District: Essex
Parcel Number: 012060257
Lot Depth: 122.75 Feet
Lot Frontage: 132.51 Feet
Zoning: MD2.13
Commercial Specific
Total Area: 12000
Total Area Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Public Transit
Lot Code: Lot
Building Percent: 100
École élémentaire de Lamothe-Cadillac
Elementary: PublicSt John Catholic School
Elementary: CatholicÉcole élémentaire catholique Saint-Edmond
Elementary: CatholicDougall Avenue Public School
Elementary: PublicQueen Victoria Public School
Elementary: PublicWest Gate Public School
Elementary: PublicCentre de formation pour adultes
Secondary: CatholicÉcole secondaire de Lamothe-Cadillac
Secondary: PublicWindsor Public Alternative
Secondary: PublicWestview Freedom Academy Secondary School
Secondary: PublicAssumption College School
Secondary: CatholicHon W C Kennedy Collegiate Institute
Secondary: Public
