19745 Highway 6 Highway

Georgian Bluffs, ON N1M 2W3

About this property

Tremendous INCOME Opportunity! Shenstone Motel on 2.51 acres off a busy-travelled tourist highway, situated at the Gateway to the Bruce Peninsula. Highway 6, the only route to Tobermory and 1.25 hrs away, known for the grotto & much more. Surrounded by Georgian Bay & Lake Huron, close to Wiarton, Owen Sound and SAUBLE BEACH. This is a HUGE opportunity that is enjoyed by many tourists year round. The motel is 15 units, restaurant & a 2 bedroom attached owners quarters/apt. Completely renovated with new floors, shades, new windows, resurfaced driveway to name a few (since 2017). Fully staffed and operational year-round business. 30 mins from Sauble beach. Come winter, Grey & Bruce County boast well-maintained snowmobile trails, going right behind the motel. Plenty of adventures for the nature enthusiast here. Welcome home to this great INVESTMENT and income opportunity. Currently 8%-10% CAP RATE with potential of 12%+ if operated all year round. Call Listing agent for more information.

Date Added
July 21, 2020
Listing Status
Active
Days On Site
21
MLS#
274279

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Industrial
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
0
Property View
No
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$994,900 Active
0 Beds
0 Baths
0 SQFT

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Area Information

Georgian Bluffs | Grey County |

$ 994,900
This listing is play_arrow 0.0% lower than the average in the area
$ 994,900 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
21 days on site
This listing is play_arrow 0.0% below the average in the area
21 days on site in the area

Schools in the Area

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