$1,980,000
Available - For Sale
Listing ID: X10419257
1606 MONTREAL Rd , Cornwall, K6H 1G1, Ontario
| 1606 & 1700 Montreal Road. Seize this unique opportunity to own a well-established motel business with stunning waterfront views. The Monte Carlo Motel consists of two separate buildings on individually titled lots (Pins). This family-owned, 25-unit motel overlooks the scenic St. Lawrence River and provides a mix of accommodations across two buildings. Ten rooms are kitchenette suites, and there's also a spacious two-bedroom "owner's suite" with an office. There are 4 basement suites included in the room breakdown. Situated on two lots on either side of Bryden Ave, this motel offers daily, weekly, and monthly rentals, catering to both short-term and long-term guests. The business has been meticulously maintained with updates to ensure comfort and appeal. VTB mortgage may be available with a 50% down payment. Don't let this exceptional opportunity pass by! |
| Price | $1,980,000 |
| Taxes: | $21391.00 |
| Occupancy: | Owner |
| Address: | 1606 MONTREAL Rd , Cornwall, K6H 1G1, Ontario |
| Postal Code: | K6H 1G1 |
| Province/State: | Ontario |
| Legal Description: | LT 48 PL 82; PT LT 2 CON 1 CORNWALL AS I |
| Lot Size: | 50.10 x 115.50 (Feet) |
| Directions/Cross Streets: | From Cornwall, go East on Montreal road until Bryden Ave. Motel is on the corner of Montreal Road an |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Retail Area: | 0 |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Monte Carlo Motel |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 24 |
| Employees #: | 1 |
| Seats: | 0 |
| LLBO: | N |
| Gross Income/Sales: | $226700 |
| Net Income Before Debt: | $98700 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Water: | Municipal |
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| KELLER WILLIAMS INTEGRITY REALTY |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | Cornwall |
| Neighbourhood: | 717 - Cornwall |
| Lot Size: | 50.10 x 115.50(Feet) |
| Tax: | $21,391 |
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