Business For Sale
$4,200,000
MLS® Number: X13008636
Floor Area
3
Land Size
3.14
Business For Sale
$4,200,000
Floor Area
3
Land Size
3.14
450 REGIONAL ROAD 55, Greater Sudbury (Sudbury), Ontario
About This Property
A 37-room motel (Lively Inn & Suites Motel), together with three stable tenants, generates a fixed gross monthly rental income of $13,300 from a restaurant, dog-training facility, and convenience store. The property sits on a 3.14-acre, C2-zoned corner lot, offering exceptional visibility, easy access, and a prime opportunity for high-traffic commercial or mixed-use development on its surplus land.Currently zoned Highway Commercial (C2 R1-5) and comprising three separate lots with individual PINs (including two lots fronting Old Soo Road), the site supports a wide range of development possibilities such as a plaza, gas station, or additional commercial structures.This property is ideal for an investor seeking both immediate income and long-term development potential, with zoning that accommodates numerous commercial projects or future expansions to the existing motel operation.
Property Details
Interior Details
Cooling
Fully air conditioned
Heating
Baseboard heaters
Living Area
3
Land & Location
City Region
Sudbury
Frontage Length
129.2 feet
Lot Size Area
3.14 acres
Lot Size Dimensions
3.14
Postal Code
P3Y1C4
Listing & Financials
Listing Office
ROYAL LEPAGE SIGNATURE REALTY
Originating System Name
Toronto Regional Real Estate Board
Other Specifications
Country
Canada
Listed By
ROYAL LEPAGE SIGNATURE REALTY
Mortgage Calculator
Estimated Monthly Payment
$20,633
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$20,633
Principal and interest only. Actual rates may vary.