Priced to Sell - 6 Acre lot,11500 Sft-20 Rooms Motel (19 Rentable Rooms, 1 Game Room with Potential to turn it into a Rentable Room), plus a 2 Bedroom Owner suite (2 BR, 1 Bath, kitchen, living and dining), extensively renovated. A 528 ft. Frontage on Ontario HWY-23 N, easily visible from street. The property, currently zoned as Highway Commercial, offers a variety of development and expansion opportunities. This parcel is ideally suited for a range of developments. With its substantial size and strategic zoning, the property is ripe for a visionary developer to maximize its potential fully. Renovations completed between 2017 and 2020 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridor, windows, doors, roofing, this includes new roof shingles 2020, ESA Certified, Energy efficient Base board Heaters and new Plumbing/Sewer permit approved. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Listowel Golf Club, Spinrite Yarns, LTI Tech. (Honda), Steve Kerr Memorial Complex and developing Northeast Employment Lands. With the current owner looking to retire, this presents a unique opportunity for a motivated buyer to capitalize on the property's potential. Under new management, there is tremendous scope to enhance revenue and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential. Attention all investors & builders: The current Highway Commercial zoning of supports a wide array of development projects or expansions to the existing motel. Property Serviced by Hydro One for Electricity & Enbridge Gas for Natural Gas.
Address
9151 Road 164 (hwy 23) Road N
List Price
$3,000,000
Property Type
Commercial
Type of Dwelling
Investment
Area
North Perth
Sub-Area
Wallace
County
Perth
Lot Size Source
Survey
Lot Depth
495
Lot Shape
Rectangular
Lot Type
Lot
Lot Irregularities
Rectangular
Lot Size Units
Feet
Lot Width
528
Approx. Age
16 - 30 Years
MLS® Number
X11996381
Listing Brokerage
ROYAL LEPAGE FLOWER CITY REALTY
Postal Code
N0G 2P0
Tax Amount
$9,012.07
Tax Year
2024
Heat Type
Baseboard
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
No
Sewer
Septic
