Property Details

1626 London Line, Sarnia Ontario

1626 London Line, Sarnia Ontario

$1,650,000 - For Sale

MLS®:201776794

A RARE FIND FOR INVESTMENT, THIS IS BETTER THAN AN APARTMENT BUILDING. TURN-KEY READY, JUST TAKE OVER THIS LUCRATIVE BUSINESS & START DEPOSITING MONEY INTO YOUR BANK ACCOUNT ON DAY 1. FINANCING IS PRE-APPROVED FOR A QUALIFIED BUYER, VERY STRONG APPRAISAL IN PLACE. 3 BEDROOM, 2 BATHROOM HOME WITH OFFICE AREA & FULL BASEMENT. 27 CLEAN LARGE UNITS, SEVERAL WITH KITCHENETTES. THIS PROPERTY HAS ONE OF THE BEST REPUTATIONS IN SARNIA & COMMANDS HIGH RATES DURING PEEK SEASON. EXTREMELY LOYAL CUSTOMER BASE OF CONTRACTORS & TOURISTS WHO REFUSE TO STAY ANYWHERE ELSE. OVER 6 ACRES OF LAND, FRONTING ONTO HWY 402 FROM LONDON LINE. (POSSIBLE PARTIAL LAND SALE TO PROVINCE IF HWY 402 EXPANSION HAPPENS AS PLANNED). POISED TO TAKE ADVANTAGE OF THE 2018-2022 INDUSTRIAL BOOM IN SARNIA, STARTING WITH THE 2 BILLION DOLLAR EXPANSION OF NOVA CHEMICALS. THE BLUEWATER MOTEL HAS ALREADY A STRONG RELATIONSHIP WITH NOVA & HOSTS SEVERAL OF THEIR CONTRACTORS FOR MULTI-MONTH STAYS AT HIGH RATES.

Property Details
  • Property Type:Commercial
  • Lot Size:125 FR. 6.237 ACRES
  • Taxes:$26,426 (2017)
Structure Details
  • Structure Type:Motel/Hotel
  • Building Age:40
  • Heating Type:Electric, Hot Water, Natural Gas
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Brad Drury