Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Business Type: Hotel/Motel/Inn
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Zoning: C3-11 Highway Co
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Age: 16-30 years
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Taxes: 9012.07
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MLS®#: X11996381
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Added: Mar 03, 2025 (1 month ago)
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Updated:
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Last Checked: 1 month ago
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Listed By: ROYAL LEPAGE FLOWER CITY REALTY
Priced to Sell - 6 Acre lot,11500 Sft-20 Rooms Motel (19 Rentable Rooms, 1 Game Room with Potential to turn it into a Rentable Room), plus a 2 Bedroom Owner suite (2 BR, 1 Bath, kitchen, living and dining), extensively renovated. A 528 ft. Frontage on Ontario HWY-23 N, easily visible from street. The property, currently zoned as Highway Commercial, offers a variety of development and expansion opportunities. This parcel is ideally suited for a range of developments. With its substantial size and strategic zoning, the property is ripe for a visionary developer to maximize its potential fully. 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 Certified, Energy efficient Base board Heaters and new Plumbing/Sewer permit approved. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Listowel Golf Club, Spinrite Yarns, LTI Tech. (Honda), Steve Kerr Memorial Complex and developing Northeast Employment Lands. With the current owner looking to retire, this presents a unique opportunity for a motivated buyer to capitalize on the property's potential. Under new management, there is tremendous scope to enhance revenue and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential. Attention all investors & builders: The current Highway Commercial zoning of supports a wide array of development projects or expansions to the existing motel. Property Serviced by Hydro One for Electricity & Enbridge Gas for Natural Gas.
Property
Status: Sale
Type: Hotel/Motel/Inn
Property Type: Investment
Property Type: Accommodation
Age: 16-30
Area: North Perth
Availability Date: 30/60/90
Inside
Air Conditioning: Y
Utilities
Utilities: Available
Building
Basement: N
Heat Type: Baseboard
Elevator: None
Energy Certificate: N
Certification Level: N/A
Green Verification Status: N
Freestanding: Y
Outside Storage: N
Water Supply: Well
Volts: 600
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 41
Fees
Tax Year: 2024
Tax Legal Description: PT LOT 24, CONCESSION 8 WALLACE , AS IN R280109 ; NORTH PERTH
Taxes: $9,012
Taxes Type: Annual
Land
Cross Street: HWY 23 and Line 89
Municipality District: North Perth
Parcel Number: 530030024
Sewer: Septic
Lot Depth: 495 Feet
Lot Frontage: 528 Feet
Lot Irregularities: Rectangular
Zoning: C3-11 Highway Co
Commercial Specific
Number of Employees: 2
Rail: N
Retail Area: 1500
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 6
Total Area Metric: Acres
Hours Open: 9AM-6PM
Office Size: 11500
Office Size Metric: Sq Ft
Days Open: 6
Franchise: N
Tangible Property Included: Y
Crane: N
Lot Code: Lot
Survey: Y
Seats: 28
Soil Test: N
Financial Statement: Y
LLBO: N
North Perth Elementary School
Elementary: PublicSt Mary's Separate School
Elementary: CatholicListowel Eastdale Public School
Elementary: PublicHowick Central School
Elementary: PublicMinto-Clifford Central Public School
Elementary: PublicPalmerston Public School
Elementary: PublicWalkerton District Community School
Secondary: PublicWellington Heights Secondary School
Secondary: PublicNorwell District Secondary School
Secondary: PublicJohn Diefenbaker Senior School
Secondary: PublicListowel District Secondary School
Secondary: PublicElmira District Secondary School
Secondary: Public