92 COURTHOUSE Square, Goderich (Goderich (Town)) - Business for Sale
92 COURTHOUSE Square, Goderich (Goderich (Town)), Ontario, N7A1M7
Description
Landmark property on Goderich's celebrated Courthouse Square, in the Lake Huron town Queen Elizabeth II called"the prettiest town inCanada."A three-storey Victorian property dating to the 1890s, offered as a turnkey real-estateasset with all furniture, fixtures and equipment included.The building holds 34 guest keys across the upper floors, a full commercial kitchen, and multiple licensed food-and-beverage venues -PaddyO'Neil's Restaurant & Pub, JoeFriday's Sports Bar, and the Duchess Room for private events and daily breakfast - with a ground-floor barber. Individually furnished air-conditioned guest rooms with private washrooms.Professionally inspected in 2022; roof replaced 2011, major mechanical systems updated 2019. Flexible C4 zoning supports continued hospitality use, boutique-hotel repositioning, or events. LLBO in place; business name, website and domain available to transfer.Approximately 2 hours 45 minutes west of Toronto via Hwy's 401 and 8, and about 70minutes from LondonInternational Airport. Steps from three Lake Huron beaches famous for their sunsets, the Huron CountyMuseum,HuronHistoric Gaol, Livery Theatre, and the shops and restaurants of the Courthouse Square. Strong tourism market.This is an asset sale. The price reflects the property as a whole - the building, the land, and everything included with it: all furniture, fixtures and equipment, the licences, and the business name - together with the value of a landmarkbuilding in a prime location on Courthouse Square. The price is not based on a multiple of the hotel's current earnings. Financial statements covering 2023, 2024 and 2025 (holdco and operating entities; 2023 and2024 accountant-compiled, 2025 internal) will be made available to the buyer and their accountant as background on how the business has operated - not as the basis of the asking price. A rare opportunity to own a landmarkincome- producing property in one of Ontario's most celebrated lakeside towns (id:66096)
Property Details
- MLS®
- X13153178
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- C4
- Frontage
- 83 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $32,702.66/yr
- Listed
- 167 days ago
Features
- Appliances
- Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 167 days on market, against an average age of 71 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 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Goderich (Goderich (Town)) 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 (N7A)
This home lists at $5,450,000, about 73.6× the local median household income of $74,000.
Carrying it typically needs a household income of about $1,064,576 (20% down, 25-yr amortization, stress-tested) — roughly 1339% above the area median.
- Median household income
- $74,000
- Population
- 12,495
- Median age
- 55.2
- Owner / renter
- 75% / 25%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N7A)
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$5,450,000
Goderich