Price: $1,980,000

1606 MONTREAL Road, Cornwall, ON K6H 1G1

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. VTB mortgage may be available with a 50% down payment. Don't let this exceptional opportunity pass by!


Property Overview

Property type

Commercial - Sale Of Business

Building Area

N/A

List Price

$1,980,000

Gross Income

N/A

Annual Taxes

$21,391

Tax year

2024

Business Type

Hotel/Motel/Inn

Years in Business

N/A

Location

Cornwall, ON

Status

Active

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

Financial Verification

All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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