1701 London Line, Sarnia - Business for Sale
1701 London Line, Sarnia, Ontario, N7W1B1
This business in Sarnia is for sale. It has been on the market 13 days, fresher than the Sarnia average of 68 days.
Description
EXCEPTIONAL INVESTMENT OPPORTUNITY FOR OWNER OPERATORS! Well-established, cash-flowing Motel with an owner's residence, situated on approximately 1.82 acres along Sarnia's highly desirable Golden Mile commercial corridor. Prime location minutes from Highway 402 and the Bluewater Bridge to the USA, offering excellent visibility and accessibility. This income-generating property features 27 guest rooms including spacious one, two, and three-bed configurations and 5 kitchenette units. Established clientele, including extended-stay guests, provides consistent rental demand and recurring income. Several rooms have been upgraded, with additional renovations in progress, offering excellent potential to increase revenue and profitability. A major bonus is the spacious owner's residence featuring 2 bedrooms, 2 full bathrooms, an ensuite with steam sauna, full kitchen, living area, laundry, central air conditioning, and updated electrical. Ample parking for 40+ vehicles, including transport trucks. Furnishings, appliances, and security equipment included. An outstanding opportunity for investors and owner-operators to acquire an established hospitality business with real estate, an owner's residence, immediate income potential, and long-term growth opportunities! (id:66096)
Property Details
- MLS®
- X14113218
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- HC1
- Lot Size
- 1.82 acres
- Frontage
- 142 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $23,037.21/yr
- Listed
- 13 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 13 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Sarnia has been listed for 13 days, which is 55 days fresher than the city average of 68. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N7W)
This home lists at $1,689,000, about 20.9× the local median household income of $81,000.
Carrying it typically needs a household income of about $329,921 (20% down, 25-yr amortization, stress-tested) — roughly 307% above the area median.
- Median household income
- $81,000
- Population
- 2,578
- Median age
- 66.5
- Owner / renter
- 97% / 3%
- Avg. household size
- 2
Source: Statistics Canada, 2021 Census (FSA N7W)
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 →
$1,689,000
Sarnia