Exceptional investment opportunity: Positioned prominently at the junction of Highway 97 and Highway 3, this expansive property spans nearly 2 acres. Currently operating as the Westridge Motel, it boasts flexible zoning that accommodates a variety of potential uses, from its current motel setup to redevelopment opportunities. Recently refurbished, the motel offers 32 updated rooms featuring new air conditioning, stylish laminate flooring, and tasteful decor. A newly added restaurant on-site provides an additional revenue stream, particularly beneficial during the lively summer season. A 6000 sqft pub, currently undergoing renovations and set to open in mid-summer, further enhances the property's amenities. Plans include expanding the motel with an additional 20 rooms on a second level, utilizing available floor space. Additional!, there's a three-bedroom house suitable for rental income and a spacious two-bedroom Manager's Suite tucked behind the Motel Office. (id:47423)
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Detailed Information
Listing Contract Date
2024-06-19
Municipal ID
017-453-640
Ownership Type
Freehold
Property Type
Hospitality
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1968
Type
Other
Utility Water
Municipal water
Land
Total Size
1.95 acres
Acreage
Yes
Sewer
Municipal sewage system
Size of Irregular Land
1.95
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