Don't miss this opportunity to own a well established motel business overlooking the water. The Monte Carlo Motel property is composed of two separate buildings on two separate lots each having their own titles (Pins). In building #1 (1700 Montreal RD) There is a full 2 bedroom owner's suite c/w office/reception, 5-one bed rooms with no kitchen, 2-one bed rooms with kitchen, 4-two bed rooms with no kitchen, 2-two bed rooms with kitchen. Total of 13 rooms, and owner suite/reception (two rooms in basement). Approx. half the rooms have a shower and half have a bathtub. Building #2 (1606 Montreal Road). There is 1 larger two bed (one is pull-out sofa bed) suite overlooking the water with kitchen and laundry, 4-one bed rooms with kitchen, 2-one bed rooms without kitchen, 2-2 bed rooms with kitchen, 1-2 bed room without kitchen. Building #2 rooms approx. half with shower and half with bathtub. (id:28469)
Business
Business Type
Accommodation
Business Sub Type
Motel
Name
Monte Carlo Motel
Facts & features
Property
MLS® Number
X12901572
Property Type
Business
Community Name
717 - Cornwall
Equipment Type
Furnace
Parking Space Total
14
Rental Equipment Type
Furnace
Building
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Utility Water
Municipal Water
Parking
Other
—
Land
Acreage
No
Size Depth
150 Ft
Size Frontage
50 Ft
Size Irregular
50 X 150 Ft ; 1
Size Total Text
50 X 150 Ft ; 1
Zoning Description
Res 20
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$7,305/mo
Ontario land transfer tax
$29,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.