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Home ON North Perth
9151 ROAD 164 (HWY 23) N
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9151 ROAD 164 (HWY 23) N $2,999,900
$2,999,900
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9151 ROAD 164 (HWY 23) N
North Perth, Ontario N0G2P0

MLS® Number: X9346337

Listing Description

6.25 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. A 550 ft. Frontage on Ontario HWY-23, 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. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory, Listowel Golf Club, Steve Kerr Memorial Complex and developing Northeast Employment Land. 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 operations and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential **** EXTRAS **** Attention all investors & builders: The current Highway Commercial zoning of this property supports a wide array of development projects or expansions to the existing motel. This offers a versatile opportunity to enhance or diversify. (36752912)

Location Description

HWY 23 and Line 89

Property Summary

Property Type
Business
Land Size
550.68 x 495.27 FT ; Rectangular
Annual Property Taxes
$9,012.07
Total Parking Spaces
41
Time on REALTOR.ca
65 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Septic System
Business
Business Type
Accommodation (Motel)
Neighbourhood Features
Amenities Nearby
Highway
Parking
Total Parking Spaces
41

Measurements

Square Footage
6 ac

Land

Lot Features
Frontage
550 ft ,8 in
Land Depth
495 ft ,3 in
Other Property Information
Zoning Description
C3-11 (Hwy Commercial)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
VARINDER PUAAR