$2,995,000
FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 380 x 215 ftTotal Area: 5,356 ft2
2023 Taxes: $8,763.76

104888 Highway 7
Madoc, ON K0K 2K0 | Hastings

You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer.
Extras
3,000 Workers Will Need a Place to Stay!
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Listed By RE/MAX HALLMARK EASTERN REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8166504
Last Updated Mar 22, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Category With Property
PIN 401820062
Legal Description See Remarks
Occupancy Vacant
Possession Date other
Taxes (2023) $8,763.76
Tax Type Annual
Directions/Cross Streets Highway 7, 5.7 Km W Of Hwy 62
Area Hastings
Price History

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Detailed Information
Freestanding Y
Lot 380 x 215 ft
Total Area 5,356 ft2
Approximate Age 51-99
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Days Open 7
Hours Open 24
LLBO N
Employees 2
Heat Type Gas Forced Air Closd
Financial Statement N
Area Influences Major Highway
Sprinklers N
Sewers Septic
Water Supply Types Drilled Well
Water Well
UFFI No
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C1
Seller Property Info Statement N

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