Kuldip Bassi (Broker Of Record)
31 Melanie Dr. Brampton, ON L6T5H8
Cell: (416)774-8800
Fax: (905)793-6222
Home:
Work Phone: (905)793-5777
Email Kuldip

Waterloo ( Ontario, CA - N0B1K0) Built

$5,500,000
UPSCALE MOTEL for sale

Tri-City Professional Realty Inc., Brokerage

Kuldip  Bassi      (Broker Of Record) Kuldip Bassi (Broker Of Record) (905)793-5777 (Office) (416)774-8800 (Cell) (905)793-6222 (Fax) Request More Info

  • 2 Hours from Toronto
  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built

Description

** Location and pictures are not an accurate representation of the property. Buyer must do full due diligence. **


** Please EMAIL: soldwithsunny@gmail.com
Include Your
1) Name
2) phone number
3) Email address
4) How much you have to invest


APPROX 10% CAP RATE,

MOTEL income approx $830,000 to $905,000 per year (as per seller)

Approximate fixed expenses are $280,000/- and could be a little less depending on the style of someone’s individual operation.
• Not included are expenses like owner’s gas, car lease, car insurance, wages for owners and some equipment which is not an ongoing expense.
• Internet, Telephone and HD TV are now all clubbed and served by Eastlink.
• Wages are set up with a Payroll company.
• Sales are by direct business contacts, repeat business, Reservations on Company website, Expedia.com, Booking.com, VRBO, AIR BNB and Trip Advisor, all with fantastic genuine reviews.

Attachments

Brokered and Advertised by : HomeLife Galaxy Real Estate Ltd., BROKERAGE
P2#384196214
top
Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.