7191 Highway 17 East, Markstay-Warren - Business for Sale
7191 Highway 17 East, Markstay-Warren, Ontario, P0M1X0
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
Long Listed: 99 days on market, against an average age of 92 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
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)
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$899,900
Markstay-Warren