haho.ca
$899,900
For sale

7191 Highway 17 East, Markstay-Warren - Business for Sale

7191 Highway 17 East, Markstay-Warren, Ontario, P0M1X0

45 parkingListed 99 days ago
Overview

This business in Markstay-Warren is for sale.

Description

Welcome to Charm's Oasis Motel, a well established hospitality investment strategically located along Highway 17, part of the Trans-Canada Highway, offering outstanding visibility, high traffic exposure, and convenient accessibility. This turnkey property features 12 well appointed guest accommodations, including five units equipped with full kitchens, as well as a spacious three bedroom owner's residence, providing the ideal opportunity for comfortable on-site living or management. In addition to its established accommodation business, the property benefits from multiple supplementary revenue streams, including solar power generation and a cell tower lease, creating diversified income and enhancing long-term investment value. Set on approximately 13.11 acres of commercially zoned land with scenic frontage along the Veuve River, the property presents exceptional potential for future expansion, redevelopment, or additional commercial ventures (subject to applicable approvals). Combining a proven business model, multiple income sources, an outstanding location, and significant growth potential, Charm's Oasis Motel represents a rare opportunity for investors seeking a profitable hospitality operation with room to expand and make it your own. (id:66096)

Property Details

MLS®
X13612774
Property Type
Business
Business Type
Accommodation
Zoning
CC / R1
Parking
45
Lot Size
13 acres
Frontage
44 ft
Heating
Radiant heat, Not known
Cooling
None
Property Tax
$5,177.41/yr
Listed
99 days ago

Features

Lot Features
Irregular lot size

Services

Water
Drilled Well
Sewer
Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
99d
Markstay-Warren listings, avg age
92d
List price
$900K

Long Listed: 99 days on market, against an average age of 92 days across the listings currently for sale in this city

Haho

This business in Markstay-Warren is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by RE/MAX CROWN REALTY (1989) INC. · JORDAN LEPKAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0M)

This home lists at $899,900, about 10.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 104% above the area median.

Median household income
$86,000
Population
49,727
Median age
46.8
Owner / renter
80% / 20%
Avg. household size
2.3

Source: Statistics Canada, 2021 Census (FSA P0M)

$899,900
For sale

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Financing

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$899,900

Markstay-Warren

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