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Home ON Greater Sudbury Lively
450 REGIONAL RD 55 RD W
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$2,250,000
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450 REGIONAL RD 55 RD W
Greater Sudbury, Ontario P3Y1E4

MLS® Number: X5069829

Listing Description

*Lively Inn & Suites* Formerly Red Carpet Inn* 3.14 Acres C2 Zoning Can Add Plaza, Gas Station, Car Wash, Convenience Store, * 2 Lots On Old Soo Road Are Negotiable & Not Included W/R1-5 Zoning* 3 Entrances To The Motel* Total Building 33,073 Sq Ft* Net Income 2019 $285,120* Steady & Repeat Customers Base* $112,800+Hst Rental Income From Restaurant/Dog Training Including Utilities, Add $21,600/Yr For Closed Restaurant* 37 Rooms, 2 Used By Manager* Cap Rate**** EXTRAS **** 12.66%(2019), Large Rooms With Solid Block Construction* Manager Available For Absentee Investor * Just 8 Minutes From Sudbury On Highway 55* Largest Nickel Mine W/4,000 Employees* Can Bring Super 8* Fire Retrofit Appx.$100,000 Done* (8945334)

Property Summary

Property Type
Business
Community Name
Walden
Land Size
129.2 FT ; As Per City 3.14 Acres.
Annual Property Taxes
$32,771.46
Time on REALTOR.ca
1398 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Highway, Ski hill

Measurements

Square Footage
33073 sqft
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
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