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Royal LePage Flower City Realty, Brokerage *

ANOOP KULAR
Broker
Direct: 647-523-3536
www.askhomes.ca

Royal LePage Flower City Realty, Brokerage *
Pic_of_house
Status:
For Sale
Property Price:
$2,999,900
Business Type:
Hotel/Motel/Inn
Property Type:
Sale Of Business
Age:
16-30
Cross Street:
HWY 23 and Line 89
Heating:
Baseboard
Employees:
2
Financial Statement:
Yes
Freestanding:
No
Front Footage:
550
Industrial Area:
0
Sewers:
Septic
Total Size:
11500 Sq Ft
Type Taxes:
Annual
Zoning:
C3-11 (Hwy Commercial)
Lot Size:
550 X 495 Feet
Garage/Parking Type:
Outside/Surface
Water:
Well
Remarks:

Seize the opportunity to own a fully renovated 20-room motel with a restaurant along with a spacious 2-bedroom owners suite that includes a separate kitchen and living area, strategically located on a 6.25-acre rectangular site along Hwy 23 North, boasting excellent visibility and easy access, plus ample surface parking for 41 vehicles. This Privately owned VOW INN is located 40-minutes North of Kitchener-Waterloo area off of Highway 23 North, a Regional Highway connecting with London to the southwest as well as the Bruce Peninsula and Highway 400 to the North and East which sees some 10,000 Vehicles daily. The new Owner could consider operating under the same name or explore other Hotel Flags. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses. Renovations completed between 2018 and 2019 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridors, windows, doors, roofing, & insulation. Despite recent challenges, the motel has significant potential for growth within the local market. Opportunities include local hockey tournaments, hunting, snowmobiling, and the new construction of a 56-acre commercial plaza nearby.The lobby features new tiling and drywall, all compliant with municipal plumbing & sewer permit. Set in a serene location, the motel is 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 which hosts a number of supporting events for local and visiting competitors, as well as the developing Northeast Employment Lands.

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.

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ANOOP  KULAR, Broker

Royal LePage Flower City Realty, Brokerage *

ANOOP KULAR
Broker
Direct: 647-523-3536
www.askhomes.ca

Royal LePage Flower City Realty, Brokerage *
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