$799,800
Hastings Highlands
32990 Highway 62, Hastings Highlands (Monteagle Ward), Ontario, K0L2S0
This retail property in Hastings Highlands is for sale. It has been on the market 30 days, fresher than the Hastings Highlands average of 67 days.
Prime highway commercial location in the heart of Maynooth, offering the opportunity to acquire a landmark property with exceptional scale, visibility and potential. For more than 100 years, the Arlington Hotel has been part of the community, operating as a hotel and restaurant with guest accommodations, bar, patio and gathering spaces. Offering approximately 8,000 sq. ft. and 15 bedrooms, this unique property provides multiple possibilities for an entrepreneur, investor or family looking to combine business and lifestyle. Continue the existing hotel and restaurant operation, create a destination sports bar, explore a bed and breakfast concept, or bring your own vision to this versatile property. Existing income streams have included overnight accommodations, restaurant and bar operations, group events, food and pizza sales, plus passive monthly income from barn rental. Beyond its established commercial use, the size and layout create exciting potential for repositioning or multi-residential investment, subject to applicable zoning and municipal approvals. The building may also appeal to an entrepreneurial family looking to operate a business while living on-site. Ideally positioned along a prime highway route in Maynooth, close to village amenities and approximately 20 minutes from Algonquin Park. A truly distinctive opportunity to acquire a commercial building of this scale, history and versatility at an exceptional price point. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 67 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 65 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 91.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Hastings Highlands (Monteagle Ward) has been listed for 30 days, which is 37 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,800, about 10.1× the local median household income of $79,000.
Carrying it typically needs a household income of about $156,229 (20% down, 25-yr amortization, stress-tested) — roughly 98% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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