$994,900

19745 Highway 6 Highway

Georgian Bluffs ON, N1M 2W3

Description

Tremendous INCOME Opportunity! Shenstone Motel on 2.51 acres off a busy-travelled tourist highway, situated at the Gateway to the Bruce Peninsula. Highway 6, the only route to Tobermory and 1.25 hrs away, known for the grotto & much more. Surrounded by Georgian Bay & Lake Huron, close to Wiarton, Owen Sound and SAUBLE BEACH. This is a HUGE opportunity that is enjoyed by many tourists year round. The motel is 15 units, restaurant & a 2 bedroom attached owners quarters/apt. Completely renovated with new floors, shades, new windows, resurfaced driveway to name a few (since 2017). Fully staffed and operational year-round business. 30 mins from Sauble beach. Come winter, Grey & Bruce County boast well-maintained snowmobile trails, going right behind the motel. Plenty of adventures for the nature enthusiast here. Welcome home to this great INVESTMENT and income opportunity. Currently 8%-10% CAP RATE with potential of 12%+ if operated all year round. Call Listing agent for more information.

Details

MLS#274279
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusConditional
Days On Site95

Features

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Area Information
ProvinceON
CountyGrey
CityGeorgian Bluffs
Postal CodeN1M 2W3
AreaGeorgian Bluffs
Listing VS Median (in N1M 2W3)
Price:
$994,900
low | high
Med:
$847,400
64.825610614132% of Average
On Site:
95
low | high
Med:
68.500000
100% of Average
Listing Updated: 10/23/2020
RAHIM CHARANIA LogoMLS Number: 274279
Listing Provided By:
RAHIM CHARANIA  of  THE REALTY FIRM INC.
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