280 Rue Séraphin
Sainte-Adèle, J8B2G4

CENTRIS ID: 24908544
For Sale: $1,995,000.00 + tax
CENTRIS ID: 24908544
For Sale: $1,995,000.00 + tax
sold

280 Rue Séraphin
Sainte-Adèle, J8B2G4

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Estimated Monthly Payment:   $

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Yi ( Cathy ) Zhou

Residential & Commercial Real Estate Broker

Description

53-unit motel divided into two 2-storey buildings, rooms and micro-apartments available exclusively for monthly rental or short term. Excellent investment opportunity in the heart of the Laurentian tourist region. High occupancy rate, easy to rent without advertising. Enjoy steady cash flow thanks to competitive rents. Strategic location and high demand guarantee a very attractive return on investment.Good potential to increase land value in the medium term. Spacious accommodation for manager. In-ground swimming pool, attractive communal areas.

Addendums

THIS IS NOT A 5-STAR! Each room/microapartment in this 1971-built motel is equipped with wall-mounted air conditioning and a central heating system for tenant comfort and efficient expense management. In addition, all units benefit from high-speed Internet access and free laundry facilities.

The professionnal appraisal for the property in 2020 was achieved at $2.9 million, confirming its market value. The 2018 environmental phases are in compliance. Annual revenues are close to $400,000, attesting to the profitability of this investment.

This motel represents a good opportunity to capitalize on a well-established property in a prime location.53 doors for less than $2 million, try to find better!

Inclusions

All movable property in rooms and common areas used for business operations

Exclusions

Personal belongings of monthly rental customers

Key Features

  • Price: $1,995,000.00
  • Municipality Tax: $29,851.00
  • School Tax: $975.00
sold

General Information

  • Property Type Commercial building/Office
  • Building type Detached
  • Total # floors 2
  • Building size 56.10 x 337.10 ft
  • Building area 18196 sqft
  • Lot size 330.70 x 356.10 ft
  • Lot area 9006.10 m2
  • Year built 1971

Municipal Assesment

  • Year 2024
  • Lot $190,500.00
  • Building $1,545,200.00

Features

  • Heating system Other
  • Heating system Hot water
  • Water supply Municipality
  • Heating energy Electricity
  • Heating energy Heating oil
  • Equipment available Wall-mounted air conditioning
  • Foundation Poured concrete
  • Kind of commerce Inn (6 mbr +)
  • Kind of commerce Hotel
  • Kind of commerce Motel
  • Siding Brick
  • Siding Stone
  • Siding Stucco
  • Distinctive features Environmental study phase 1
  • Distinctive features Environmental study phase 2
  • Proximity Other
  • Proximity Public transport
  • Basement Crawl Space
  • Parking Outdoor
  • Sewage system Municipal sewer
  • Type of business/Industry Service
  • Roofing Asphalt shingles
  • Zoning Commercial
  • Zoning
images

Yi ( Cathy ) Zhou

Residential & Commercial Real Estate Broker

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