2865 Kingsway Sudbury, Ontario P3B 2G4
$1,800,000
Well established motel and restaurant business and a city landmark for over 40 years now available for sale. Very profitable business with a good mix of room and restaurant income. Building and units have been very well maintained with a long list of upgrades made over the years provided upon signing of an NDA. In addition to the building and businesses, there is a superior owners suite consisting of 4 bedrooms and luxurious living area. Motel consists of 15 units with two beds per unit with all in extremely good condition. Chateau Guy Restaurant is a going concern with a good mix of breakfast, lunch and dinner traffic. Property is located across from the New Kingsway Entertainment District. Total area of the property is 2.559 acres including an undeveloped 1.7 acre piece zoned C2. Full financials to be provided after a site visit and signing of a NDA. Please note that one of the listing realtors is related to the sellers. THIS IS A SHARED SALE ONLY (id:12178)
Business
| Business Type | Accommodation |
| Business Sub Type | Hotel/motel |
Property Details
| MLS® Number | 2085733 |
| Property Type | Hospitality |
| Equipment Type | None |
| Rental Equipment Type | None |
| Road Type | Paved Road |
Building
| Amenities | Air Conditioning, Catering/food Sales |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | Fire Alarm System |
| Fireplace Present | No |
| Flooring Type | Hardwood, Laminate, Linoleum, Carpeted |
| Foundation Type | Concrete Slab |
| Heating Type | Boiler, Baseboard Heaters |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Access Type | Highway Access |
| Acreage | Yes |
| Fence Type | Not Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | 1 - 3 Acres |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/21947477/2865-kingsway-sudbury
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Sudbury Real Estate Board
RE/MAX Crown Realty (1989) Inc., Brokerage (Sudbury)
June 09 2020 06:05:54
