10 January,2025
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Canadian Mortgages

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$1,980,000
Available - For Sale
Listing ID: X10419257
1606 & 1700 Montreal Road. Seize this unique opportunity to own a well-established motel business with stunning waterfront views. The Monte Carlo Motel consists of two separate buildings on individually titled lots (Pins). This family-owned, 25-unit motel overlooks the scenic St. Lawrence River and provides a mix of accommodations across two buildings. Ten rooms are kitchenette suites, and there's also a spacious two-bedroom "owner's suite" with an office. There are 4 basement suites included in the room breakdown. Situated on two lots on either side of Bryden Ave, this motel offers daily, weekly, and monthly rentals, catering to both short-term and long-term guests. The business has been meticulously maintained with updates to ensure comfort and appeal. Financial statements are available upon signing a Confidentiality Agreement, and a VTB mortgage may be available with a 50% down payment. Don't let this exceptional opportunity pass by!
Price $1,980,000
Taxes: $21,391
Occupancy by: Owner
Address: 1606 MONTREAL Rd , Cornwall, K6H 1G1, Ontario
Postal Code: K6H 1G1
Province/State: Ontario
Legal Description: LT 48 PL 82; PT LT 2 CON 1 CORNWALL AS I
Lot Size: 50.1 x 115.5 (Feet)
Directions/Cross Streets: From Cornwall, go East on Montreal road until Bryden Ave. Motel is on the corner of Montreal Road an
Zoning: Res 20
Category: With Property
Use: Hotel/Motel/Inn
Retail Area: 0
Retail Area Code: Sq Ft
Business/Building Name: Monte Carlo Motel
Financial Statement: Y
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 24
Employees #: 1
Seats: 0
LLBO: N
Gross Income/Sales: $226700
Net Income Before Debt: $98700
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Water: Municipal
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

1606 MONTREAL Rd , Cornwall, K6H 1G1, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Com - Sale Of Business
Area: Stormont, Dundas and Glengarry
Municipality: Cornwall
Neighbourhood: 717 - Cornwall
Style:
Lot Size: 50.10 x 115.50(Feet)
Approximate Age:
Tax: $21,391
Maintenance Fee: $0
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Garage: 0
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Maria Tompson
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Office Address : 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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