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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Ideally situated at 9717 Army Camp Rd, this commercial property features a charming motel with 7 units, offering a range of accommodation options. Well established location with great reviews and many returning guests. Over 70 summer bookings already in place making this a true turn key investment. Suite 1 has 2 Bedrooms living room kitchenette and sunroom. Suites 2, 3, and 4 each comprise of 2 bedrooms, a living room, and a kitchenette. Suites 5 and 6 are cozy motel showrooms featuring queen beds and full baths.(Suite #6 is wheelchair accessible) Suite 7 stands out as a larger suite with 2 bedrooms, a spacious living room, a kitchen with island, and a full bathroom. Each unit is equipped with mini split heating/cooling system The property includes laundry facilities, storage space, utility room, and front office space. Outside, guests can enjoy a fully fenced heated saltwater pool. The property underwent a natural gas update in 2023, Additionally, a vacant residential lot zoned R6 is included adjacent to the property, New Roof 2013, new septic in 2013 Minutes to the Ipperwash beach and bookings already filling up for the 2024 season. Numerous updates, upgrades, have been implemented, ensuring a modern and well-maintained property. Income and expense statements are available upon request, showcasing the property's financial performance. For a comprehensive list of upgrades, updates, and included chattels, contact your agent today. (id:39198)
Location
Province
Ontario
City
Ipperwash
Address
9717 Army Camp Road
Postal Code
N0N1J3
Location Highlights
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Listed by
RE/MAX Land Exchange Ltd Brokerage (Goderich) Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
3,725
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,850,000
Asking Price
$1,850,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,725
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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