$2,250,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 129.2 x 0 ftTotal Area: 33,073 ft2
2020 Taxes: $32,771.46

450 Regional Rd 55 Rd W
Greater Sudbury, ON P3Y 1E4 | Walden | Greater Sudbur

*Lively Inn & Suites* Formerly Red Carpet Inn* 3.14 Acres C2 Zoning Can Add Plaza, Gas Station, Car Wash, Convenience Store, * 2 Lots On Old Soo Road Are Negotiable & Not Included W/R1-5 Zoning* 3 Entrances To The Motel* Total Building 33,073 Sq Ft* Net Income 2019 $285,120* Steady & Repeat Customers Base* $112,800+Hst Rental Income From Restaurant/Dog Training Including Utilities, Add $21,600/Yr For Closed Restaurant* 37 Rooms, 2 Used By Manager* Cap Rate

Extras
12.66%(2019), Large Rooms With Solid Block Construction* Manager Available For Absentee Investor * Just 8 Minutes From Sudbury On Highway 55* Largest Nickel Mine W/4,000 Employees* Can Bring Super 8* Fire Retrofit Appx.$100,000 Done*

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Listed By HOMELIFE/GTA REALTY INC., Brokerage
MLS® Listing Number X5069829
Last Updated Apr 23, 2021
Property Summary
Property Type Business For Sale
Use Hotel/Motel/Inn
Franchise Non-Franchise
Business/Building Name Lively Inn & Suites
Category With Property
Legal Description Con 4 Pt Lt 7 Rp Sr3322 Pts 1 & 2.
Occupancy Own+Ten
Possession Date Immediate
Taxes (2020) $32,771.46
Tax Type Annual
Directions/Cross Streets Regional Rd 55 & 24. Lively
Community Walden
Area Greater Sudbur
Price History
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Detailed Information
Freestanding Y
Lot 129.2 x 0 ft
Lot Irregularities As Per City 3.14 Acres.
Retail Area 33,073 ft2
Total Area 33,073 ft2
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Days Open 7
Hours Open 24
LLBO Y
Employees 1
Heat Type Other
Financial Statement Y
Gross Income/Sales $592,964
Net Income Before Debt $285,120
Taxes Expense $307,844
Year Expenses $2,019
Expenses Actual/Estimated Act
Area Influences Major Highway, Skiing
Seats 200
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C2
Seller Property Info Statement N

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