2885-2889 HOWARD Avenue, Windsor, Ontario, N8X3Y4




$9,900,000
Windsor
Exceptional opportunity to acquire the 87-room Ivy Rose Motel and the iconic Hi-Ho Diner in one of Windsor’s most trafficked areas. Motel features all new furniture in every room and offers a strong mix of long-term multi-room suites and short-stay accommodations, generating consistent high turnover. The Hi-Ho Diner, established in 1937 and famous for its “Grumpy Burger,” was a 1950s–60s hotspot and revived in 2017 with original recipes. Restaurant also enjoys high customer turnover and recent upgrades including new roof, new 10-ton A/C unit, and fully renovated kitchen. Turnkey hospitality and restaurant investment with strong brand recognition and income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 243 days on market, against an average age of 69 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $9,900,000, about 165.0× the local median household income of $60,000.
Carrying it typically needs a household income of about $1,933,817 (20% down, 25-yr amortization, stress-tested) — roughly 3123% above the area median.
Source: Statistics Canada, 2021 Census (FSA N8X)
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