14276 Highway 41, Cloyne, Addington Highlands (Addington Highlands) - Business for Sale
14276 Highway 41, Cloyne, Addington Highlands (Addington Highlands), Ontario, K0H2G0
This business in Addington Highlands is for sale. It has been on the market 103 days, fresher than the Addington Highlands average of 123 days.
Description
Turnkey 20-room motel property just 6 minutes from Bon Echo Provincial Park. Located on high-visibility Highway 41, minutes from Highway 7. This fully renovated property has undergone significant upgrades in recent years and offers year-round operation in one of Eastern Ontario's premier outdoor destinations. Features 20 guest rooms, each with a private bathroom, fridge and microwave, licensed restaurant, LLBO-licensed bar with pool table, commercial kitchen (equipment included as is), spacious 1 bdrm manager's apartment, outdoor patio and approximately 50 parking spaces. Surrounded by lakes and year-round recreation including boating, fishing, hiking, ATVing and snowmobiling. Sale of real estate only. Some photos have been digitally enhanced. (id:66096)
Property Details
- MLS®
- X13601700
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- Commercial - Motel
- Lot Size
- 42,253 sq ft (0.97 ac)
- Frontage
- 360 ft
- Heating
- Coil Fan
- Cooling
- Fully air conditioned
- Property Tax
- $15,112/yr
- Listed
- 103 days ago
Market Timing
Long Listed: 103 days on market, against an average age of 123 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Addington Highlands (Addington Highlands) has been listed for 103 days, which is 20 days fresher than the city average of 123. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0H)
This home lists at $1,799,000, about 19.6× the local median household income of $92,000.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 282% above the area median.
- Median household income
- $92,000
- Population
- 47,286
- Median age
- 51.2
- Owner / renter
- 91% / 10%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0H)
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$1,799,000
Addington Highlands