Sat Singh, (satwinder Pal), Broker

HomeLife Superstars Real Estate Ltd. Brokerage

Independently owned and operated.

2565 Steels Ave E, Unit 11, Brampton On, L6T4L6

Direct: 416-918-7653

Office: 905-792-7800

Fax: 905-792-9092

satsingh@trebnet.com

Niagara Falls

$1,995,000
For Sale
MLS© ID: X2276134

Sale Of Business

52+8 Rooms Motel.4 Honeymoon Suites With Jacuzzi!!22 Rooms With King Size Beds.24 Double Bed Rooms And 2 Family Suites With Kitchen. 2 Bedrooms Living Quaters.Finished Basement With 2 Bedrooms. Fully Renovated Year Around Business, Next Door To Famous Water Park, Solid Construction Inground Swimming Pool, Ac, Tv, Fridge, Telephone, Cable In All Rooms. Picnic And Bbq Area.In Excellent Repair Order.

Extras: Over 300, 000 Dollars Spent On Renovation.Excellent Room Revenue, Year Around Business, Busy Location, Close To All Shopping Malls And Area Attractions.Great Opportunity For A Serious Buyer.Well Established Business From Many-2 Years.

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Commercial Property Details

List Price

$1,995,000
For Sale

Standard Info

  • Directions/Cross Streets: Lundy's & Kalar
  • Lot Size Code: Acres
  • Taxes: 42000.00
  • Approx Age: 16-30
  • Tax Year: 2011
  • Property #: X2276134
  • Sale/Lease: Sale
  • Province: Ontario
  • Municipality: Niagara Falls

Description

  • Legal Description: Pt Twp Lt 139 Stamford ; Pt 1 59R1799
  • Lot Depth: 390.00
  • Lot Front: 165.00
  • Type: Sale Of Business

Commercial Info

  • Business/Building Name: Arkona Motel
  • Category: With Property
  • Chattels: Y
  • Employees: 3
  • Expenses Actual/Estimated: Act
  • Financial Statement: Y
  • Franchise: N
  • Freestanding: Y
  • Gross Income/Sales: 450000.00
  • Insurance Expense: 6700.00
  • LLBO: N
  • Lot/Bldg/Unit Code: Building
  • Other Expenses: 4000.00
  • Total Area: 1.50
  • Total Area Code: Acres
  • Type Taxes: Annual
  • Use: Hotel/Motel/Inn
  • Utilities: Y
  • Year Expenses: 99.99

Utilities

  • Air Conditioning: Y
  • Heat Expenses: 16000.00
  • Heat Type: Water Radiators
  • Hydro Expense: 15000.00
  • Water: Municipal
  • Water Expense: 7000.00

Extras

  • Maintenance: 1200.00

The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.


Brokered By: HOMELIFE SUPERSTARS REAL ESTATE LIMITED, Brokerage (Independently Owned and Operated)

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