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OFF MARKET! Motel & Restaurant for $329k! 8 Units on 2.5 Acres

Aaron Moore

0
REIN Member
Joined
Oct 22, 2008
Messages
127

Who's looking for a profitable property?​


Welcome to the old Swiss In Motel & Restaurant! This landmark hotel sits on 2.5 acres on a busy highway. It’s been inoperable for many years but used to have quite a following…the old guests still call the landline!

8 motel rooms, owner’s residence and old restaurant on site. Your chance to restore it to its former glory or re-imagine a new use.

Can you add a few trailer sites to the property like a nearby restaurant and lodge did? Maybe this could be a restaurant with 8 rooms and 4 trailer sites! Trailer parks are very busy in the area. It’s 20 minutes from Bon Echo Provincial Park, with great hiking trails and popular 100m high Mazinaw Rock (featuring over 260 Indigenous pictographs). Offer a comfier option for tourists who want to stay nearby but don’t want to camp.

Check out this older video for some inspiration: https://www.youtube.com/watch?v=nhbN50FP-wA

SUMMARY:
- LOCATION: Denbigh, ON (40 min east of Bancroft)
- PURCHASE PRICE: $329,900 Or Best Offer
- CLOSING: Flexible (This is an assignment sale.)

- TYPE: 8 room motel with bonus residence and restaurant
- AGE: 1980s
- LOT: 2.5 Acres
- PROPERTY TAX: Approx $4700/year
- ZONING: Commercial
- WELL/SEPTIC

RENOVATIONS:
- Lots of renos required! Big building and big project. Updates needed include plumbing, electrical, roof, well, water filtration, fire alarm system, plus more.
- Some recent updates include: 144 bales of insulation recently blow into attic, some new toilets/sinks/flooring, some updates to electrical.
- Junk and furniture removal.
- Please view the pictures and videos for ideas on what you'd like to renovate.

MORE PICTURES and our contact info are here: https://www.housedealsgta.ca/property/investment-real-estate-bancroft
 
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