The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition. (id:47423)
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Detailed Information
Bathrooms
18
Lot
175 x 268.17 ft
Listing Contract Date
2025-01-23
Location Description
Church St & Lake Dr North
Property Type
Business
Transaction Type
For sale
Zoning Description
Tourist Commercial
Business
Business Type
Accommodation
Business Subtype
Motel
Building
Cooling Type
Fully air conditioned
Heating Type
Baseboard heaters
Utility Water
Municipal water
Land
Total Size
Bldg=175.07 x 268.17 FT ; Irregular
Size of Irregular Land
Bldg=175.07 x 268.17 FT ; Irregular
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