$1,698,000
FOR SALE

Investment

Lot: 132.51 x 122.75 ftTotal Area: 12,000 ft2
2024 Taxes: $12,649.73

1353 Wellington Ave
Essex, ON N8X 2C1

>>> OPPORTUNITY KNOCKS! <<< Turn Key Multi -Suite Accommodation - Showcasing 18 BRAND NEW RENOVATED Modern Guest Suites! Property has undergone a 3-year long FULL and Extensive Renovation and Mechanical Refurbishment Now Complete! Various Suites Can Accommodate Double Occupancy. Certified and Licensed for 21 Migrant Workers! Ideal Hotel Accommodations / Migrant Worker / Student Housing / Senior Suites. Hotel Ownership Opportunity in a Booming Growth Area. Located in an Established Neighborhood, Steps to Commercial Hub and Close Proximity to Key Routes: >> 4 km / 7 Min to Windsor Casino >> 3.5Km / 6 Min to University of Windsor >> 10 Km / 10 Min to Windsor International Airport! 4500 sf Restaurant Can Be Run as a Complimentary Restaurant or Bistro. RENT Out Restaurant as an Extra Profit Centre - OR- Reconfigure into 5 More Rental Suites and Retain a Guest Cafeteria / Cantina! New Interiors, Washrooms and Hallways, 2 New HVAC Roof Top Units, 18 New Split HAVC Units, Beds, Microwaves and Much More! MASSIVE OVERSIZED PARKING Approx. 75 +/- spots. Potential Expansion / Possible Severance, or Rental Profit Centre with Shuttle Service. Wow! Superbly Maintained Brand New Renovation! Efficient Layout and Significant Potential. Being Offered Well Below Replacement Cost AN EXCEPTIONAL Investment Opportunity Centrally Located in a Rapid Growth Area. Truly a RARE Offering! Offer Submissions Are Welcome. EZ- Access Showings - Call Listing Agent to Make Appointments. Collateral Agreement in Effect.
Extras
Can Be operated as a Stabilized Long Term Multi-Suite Rental -OR- Run as Short Term Accommodation/Hotel for Higher Revenue Stream! -OR- Senior's Home Accommodation!
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Listed By STERLING REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8490422
Last Updated Sep 11, 2024
Property Summary
Property Type Investment

More like this:
Category Accommodation
PIN 012060257
Occupancy Vacant
Possession Date 60 Days /TBA
Taxes (2024) $12,649.73
Tax Type Annual
Directions/Cross Streets Tecumseh & Wellington
Area Essex
Price History

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Detailed Information
Freestanding Y
Lot 132.51 x 122.75 ft
Total Area 12,000 ft2
Air Conditioning Y
Basement Y
Garage Type Outside/Surface
Parking Spaces 70
Heat Type Elec Forced Air
% Building 100
Area Influences Major Highway, Public Transit
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning MD2.13
Seller Property Info Statement N

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