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$3,990,000
5528 Buchanan Ave, Niagara Falls, ON L2G 3T8
0 Beds
0 Baths
n/a sqft

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Turn key Motel operation located a minute from highway and five minutes from tourist & Fallsview areas. Licensed 32 room motel is currently operating 25 rooms with attached residential home featuring 3 Bedrooms on the main floor with lower level 2 bedroom apartment with kitchen and full bathroom. Every room in the Motel has been completely renovated and includes all new furniture and bedding. Nice mix of stunning 1 Bed, 2 Bed, Jacuzzi Suites and Family Suites. High traffic , excellent online reviews & reputation, great revenue and net earnings. Rare opportunity in the honeymoon capital to find a completely renovated, mid sized motel for sale. Land, building, business and all chattels included with the purchase.
  • Price:
  • $3,990,000
  • Year Built:
  • 2000
  • Listing ID #:
  • 40032017
  • Street Address:
  • 5528 Buchanan Ave
  • City:
  • Niagara Falls
  • Province:
  • Ontario
  • Postal Code:
  • L2G 3T8
  • County:
  • Niagara
  • Community:
  • Niagara Falls
  • Subarea:
  • 214 - Clifton Hill
  • Listing Status:
  • Active
  • Age Of Dwelling:
  • 16-30 Years
  • Approximate Square Footage Range:
  • 10, 000+
  • Basement Type:
  • Partial Basement
  • Building Security:
  • Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Description:
  • Brick, Stucco (plaster)
  • Exterior Features:
  • Balcony, Landscaped, Lighting
  • Flooring:
  • Carpet , Ceramic, Hardwood
  • Foundation Material:
  • Concrete
  • Has Basement:
  • 1
  • Interior Features:
  • Accessory Apartment, Auto Garage Door Remote(s), Fireplace(s), Lunch Room, Party Room, Separate Heating Controls, Storage, Water Heater, Water Meter
  • Year Built:
  • 2000
  • Year Built Source:
  • Public Records
  • Annual Electric Expenses:
  • 17000.00
  • Annual Insurance Expenses:
  • 6500.00
  • Annual Maintenance Expenses:
  • 4000.00
  • Annual Water/Sewer Expenses:
  • 7000.00
  • Business Description:
  • Grewals Inn & Suites
  • Business Type:
  • Hotel/Motel
  • Expenses:
  • Actual
  • Gross Income:
  • 330000.00
  • Net Operating Income:
  • 259800.00
  • Net Operating Income:
  • 330000.00
  • Operating Expense:
  • 70200.00
  • Approximate Lot Size Range Source:
  • Geowarehouse
  • Conforms To Zoning:
  • Tc
  • Lot Shape:
  • Rectangular
  • Lot Size Side:
  • 106.00
  • Excluded:
  • Owners Belongings In The Residential House
  • Cross Street:
  • Stanley Ave
  • Street Type:
  • Avenue
  • Sub Area:
  • 214 - Clifton Hill
  • Laundry Description:
  • In Building, Laundry Room, Main Level
  • Garage Parking Spaces:
  • 2.00
  • Has Garage:
  • 1
  • Parking Description:
  • Attached Garage, Public, Unassigned, Asphalt
  • Parking Spaces:
  • 24
  • Cooling System:
  • Ductless, Wall Unit
  • Existing Water:
  • Municipal
  • Heating:
  • Unit Heater
  • Sewage Type:
  • Sewer (municipal)
  • Listing provided by RE/MAX Niagara Realty Ltd
  • ONITSO

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