$1,698,000
Available - For Sale
Listing ID: X8490422
1353 Wellington Ave , Essex, N8X 2C1, Ontario
| KING-SIZE OPPORTUNITY! Turn Key Accommodations Showcasing 18 BRAND NEW RENOVATED Modern Guest Suites! Property has undergone a 3-year long FULL and Extensive Renovation and Mechanical Refurbishment Now Complete! Various Suites Can Accommodate Double Occupancy. Certified and Licensed for 21 Migrant Workers! Ideal Hotel Accommodations / Migrant Worker / Student Housing / Senior Suites. Hotel Ownership Opportunity in a Booming Growth Area. Located in an Established Neighborhood, Steps to Commercial Hub and Close Proximity to Key Routes: >> 4 km / 7 Min to Windsor Casino >> 3.5Km / 6 Min to University of Windsor >> 10 Km / 10 Min to Windsor International Airport! 4500 sf Restaurant Can Be Run as a Complimentary Restaurant or Bistro. RENT Out Restaurant as an Extra Profit Centre - OR- Reconfigure into 5 More Rental Suites and Retain a Guest Cafeteria / Cantina! New Interiors, Washrooms and Hallways, 2 New HVAC Roof Top Units, 18 New Split HAVC Units, Beds, Microwaves and Much More! MASSIVE OVERSIZED PARKING Approx. 75 +/- spots. Potential Expansion / Possible Severance, or Rental Profit Centre with Shuttle Service. Wow! Superbly Maintained Brand New Renovation! Efficient Layout and Significant Potential. Being Offered Well Below Replacement Cost AN EXCEPTIONAL Investment Opportunity Centrally Located in a Rapid Growth Area. Truly a RARE Offering! Offer Submissions Are Welcome July 9th, 2024. Call Listing Agent to Make Appointments. Collateral Agreement in Effect. |
| Price | $1,698,000 |
| Taxes: | $12649.73 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 1353 Wellington Ave , Essex, N8X 2C1, Ontario |
| Postal Code: | N8X 2C1 |
| Province/State: | Ontario |
| Lot Size: | 132.51 x 122.75 (Feet) |
| Directions/Cross Streets: | Tecumseh & Wellington |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | Y |
| Total Area: | 12000.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| STERLING REALTY INC. |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Investment |
| Area: | Essex |
| Municipality: | Essex |
| Lot Size: | 132.51 x 122.75(Feet) |
| Tax: | $12,649.73 |
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