119 MAIN Street , Wasaga Beach

Bed / Bath / $2,499,000 / MLS® Listing #:40043122

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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., Directions:GPS, Exclusions:

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Property Details

Property Type Building and Land
Property Style N/A
Square Feet 5001 to 6000
Property Tax $N/A
Maintenance N/A
Days On Our Website 13
Basement
Kitchens 0
Garages
Pool N/A
Fireplaces
Air Conditioning No
Heating Baseboard,Forced Air,Gas - Baseboard,Forced Air,Gas
Exterior Brick Veneer,Vinyl Siding
Garage Type N/A
Sewers Sewer (Municipal)
Water Municipal

Listing Office: PEAK PROFESSIONALS REALTY INC.

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