Hwy 41, Addington Highlands (Addington Highlands) - Business for Sale
Hwy 41, Addington Highlands (Addington Highlands), Ontario, K0H2G0
Description
Welcome to the Pine Grove Motel, a fantastic turn-key investment opportunity right in the heart of Northbrook. Sitting on just over an acre, this well-established property offers incredible potential for investors, entrepreneurs, or anyone dreaming of stepping into the hospitality business. The motel currently features 6 rental units, with an additional storage building, with laundry full laundry facility on one side, offering the exciting possibility to be converted into a 7th unit for added income potential. Laundry facility includes washer and dryer for motel linens and towels. Also included is a small on-site store, creating even more opportunity to expand services and revenue streams. The owner's residence is conveniently onsite and thoughtfully laid out, featuring a spacious kitchen, dining room, comfortable living room, 2 bedrooms, a 4 pc bathroom, and direct access to the motel office, making day-to-day operations both practical and efficient. With excellent visibility, a prime in-town location, and endless possibilities for future growth, this unique property is ready for its next chapter. Whether you are looking to expand your investment portfolio or start a new business venture, the Pine Grove Motel offers the perfect combination of lifestyle and opportunity. Showings by appointment only. Please do not drop by and speak with the sellers as this is their busiest season. (id:66096)
Property Details
- MLS®
- X13117534
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- Commercial
- Lot Size
- 1.07 acres
- Frontage
- 164 ft
- Heating
- Baseboard heaters
- Cooling
- None
- Property Tax
- $3,087.98/yr
- Listed
- 177 days ago
Services
- Water
- Dug Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 177 days on market, against an average age of 124 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) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0H)
This home lists at $699,900, about 7.6× the local median household income of $92,000.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 49% 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)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$699,900
Addington Highlands