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 Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 71 |
Features
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Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Simcoe County |
| City | Wasaga Beach |
| Postal Code | L9Z 2K9 |
| Area | WB - Wasaga Beach |
| Listing VS Median (in L9Z 2K9) | |
Price: $2,499,000 low | high Med: $2,244,500 On Site: 71 low | high Med: 157 | |
MLS Number: 40043122Listing Provided By:
HOAI Q. NGUYEN of PEAK PROFESSIONALS REALTY INC.