$2,999,900 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 550.68 x 495.27 ftTotal Area: 11,500 ft2
2024 Taxes: $9,012.07

9151 Road 164 (HWY 23) N
North Perth, ON N0G 2P0 | Perth

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.

Share

Listed By ROYAL LEPAGE FLOWER CITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9343807
Last Updated Oct 03, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Category With Property
PIN 530030024
Occupancy Own+Ten
Possession Date TBD
Taxes (2024) $9,012.07
Tax Type Annual
Directions/Cross Streets HWY 23 and Line 89
Area Perth
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 550.68 x 495.27 ft
Lot Irregularities Rectangular
Retail Area 1,500 ft2
Total Area 11,500 ft2
Approximate Age 16-30
Elevator None
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Days Open 6
Hours Open 9 AM-6
LLBO N
Employees 2
Heat Type Baseboard
Financial Statement Y
Outside Storage N
Soil Test N
Seats 28
Sewers Septic
Water Well
Crane N
Rail N
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C3-11 (Hwy Commercial)
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.