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411 Confederation Parkway
Unit# 17
Concord, ON L4K 0A8
Cell: 416 879-6335
Fax: (905)597-7735
Other:
Work Phone: 905 597-0466
Email Nasim

Georgina ( Ontario, CA - L4P 1A1) Built

$3,450,000

Citizen Realty Inc., Brokerage

Nasim Yusufi, Broker Nasim Yusufi, Broker 905 597-0466 (Office) 416 879-6335 (Cell) (905)597-7735 (Fax) Request More Info

  • Type: Commercial
  • Style: Multi-Use
  • Bathrooms: 18
  • Lot Size: 0.98 acres 175.07ft x 268.17ft "175.07 ft X 268.17 ft Irregular"
  • Taxes: $21,000.00 (2019)
  • MLS ® #: N4817072
  • Basement: Yes "Y"

Description

Excellent Location, Right Cross From Water With No Obstruction. The Only Motel In Keswick. All Year Around Business. Access To The Water. Can Run As Motel Or Long Term Rental. Currently 80% Month To Month Rental And 20% Daily Guests. 95% Occupancy. 15 Units And Owner Apartment (13 Kitchens And 18 Washrooms). Potential Development For Low Rise Condos, Town House Or Retire Home Building. The Income Is Still Stable Even Covid.

Highlights

  • Cooling: Air Conditioning
  • Heating: Baseboard
  • Many Upgrades, Well Known In Local And Us As Well For Fishing & Ice Fishing . Revenue Over 300K Annually. Property Management Service Might Be Available To Help A New Owner
  • Chattels Included
  • Open 7 days a week
  • Freestanding
  • Gross Income: 320000, Net Income Before Debt: 190000, Hydro Expense: 16200, Insurance Expense: 5500, Taxes Expense: 21000, Water Expense: 9600, Total Expenses: 112300
  • Retail Area: %
  • Sewer/Water Systems: Water Source: Municipal
Brokered and Advertised by : Sutton Group-admiral Realty Inc.
P2#1325434674
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Information is deemed to be correct but not guaranteed.

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