$2,499,000

119 Main Street

Wasaga Beach ON, L9Z 2K9

Description

BOOMING BUSINESS with excellent yearly income, even in 2020! Fully renovated, turnkey motel by the beach. 7-8% CAP RATE business year-round. A short 5-minute walk to Beach 1, the main strip. Fully winterized, apartment-style units are ready for daily, weekly, monthly or yearly stays. Units include; kitchenettes (all appliances), dinettes, living spaces, full washrooms and 1,2 or 3 bedrooms. 13 units: 6-one bedroom, 6-two bedroom, 1-three bedroom, with room for expansion! (Architectural drawings available). New windows, doors, flooring and mattresses. On-site office, laundry facilities and parking. Air conditioning and temperature controls in all units. Outdoor amenities include: playground, 4 gazebos, 4 BBQs, 3 campfire pits, picnic tables and kids' toys/bikes. Greater potential for summer-stays with the new Hotelogix booking software. Merged online booking platforms are all linked in real-time (no over-bookings). Motel is being sold with all units furnished, all outdoor equipment and all current booking software (Hotelogix, Booking.com, Airbnb with 4-5 star reviews). Motel with an excellent vacancy rate and many repeat customers.

Details

MLS#40043122
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site13

Features

Loading Form
Loading Form
Area Information
ProvinceON
CountySimcoe County
CityWasaga Beach
Postal CodeL9Z 2K9
AreaWB - Wasaga Beach
Listing VS Median (in L9Z 2K9)
Price:
$2,499,000
low | high
Med:
$2,244,500
60.184073629452% of Average
On Site:
13
low | high
Med:
99
13.131313131313% of Average
Listing Updated: November 22, 2020 8:00:41 PM PST
HOAI Q. NGUYEN LogoMLS Number: 40043122
Listing Provided By:
HOAI Q. NGUYEN  of  PEAK PROFESSIONALS REALTY INC.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.