9151 Road 164 (HWY 23) N

North Perth | | N0G 2P0
  • 11500.0 sqft
  • 0 gar

$2,999,900

Est. Mtg $10,172 /mo
  • Days on market

    65

  • Status

    A

Listing Broker ROYAL LEPAGE FLOWER CITY REALTY
Since listed: 3 views

Home details

MLS #:

X9343807

Property type:
Sale Of Business
Style:
Taxes:
$9,012
Possession:
TBD
Condo Fee:
Lot Size:
550.68 X 495.27
Zoning:
C3-11 (Hwy Commercial)
Use:
Hotel/Motel/Inn
Heat:
Baseboard

Description


9151 Road 164 (HWY 23) N, , North Perth, Ontario is a Sale Of Business property in North Perth and in the community in the N0G 2P0 postal code


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 6.25-acre rectangular site along Hwy 23 North, boasting excellent visibility and easy access, plus ample surface parking for 41 vehicles. This Privately owned VOW INN is located 40-minutes North of Kitchener-Waterloo area off of 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 new Owner could consider operating under the same name or explore other Hotel Flags. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses. 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. Despite recent challenges, the motel has significant potential for growth within the local market. Opportunities include local hockey tournaments, hunting, snowmobiling, and the new construction of a 56-acre commercial plaza nearby.The lobby features new tiling and drywall, all compliant with municipal plumbing & sewer permit. 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, 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..

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..



Payment calculator

$10923 monthly. In association with: TD Bank
%
  • Principal and Interest
    10172 /mo
  • Property Taxes
    $751 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gerry Crokidas, Realtor

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