414-420 Main Street Image 1

$1,699,000

Dec 20, 2024Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X11898983

414-420 Main Street, South Huron, ON N0M 1S2

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 414-420 Main Street

Buy now to take advantage of the 2025 season! 16 room motel in growing community of Exeter, Ontario. Beautiful building with lots of parking and upswing with additional revenue streams. Known as the Ranch House Inn, this motel has little competition and a solid reputation over the past decades. The business is perfect for an owner/operator with a 3 bedroom, 3 washroom, spacious apartment on the top level. Grow your revenue by utilizing the 2484 sq ft banquet hall with kitchen by either repurposing the space or marketing to area where there is high demand. Additionally there is 2484 sq ft lower level space formerly used as a restaurant with potential for many uses. This package is perfect for the seasoned or budding entrepreneur. Exeter is located on busy Highway #4, 30 minutes north of London, 15 min East of Grand Bend, 40 min from Stratford and 2 hours West of the GTA. Exeter has most major amenities including schools, hospital, restaurants, grocery, and other major shopping hubs. Exeter and area hosts many major businesses, sports tournaments, and is a major hub for lake traffic in the warmer months. Turn-key sale, easy to manage with low operating costs.

Home Overview

Last updated

2 days ago

Virtual tour

None

Basement information

Building size

19170

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Listed by Royal LePage Heartland Realty

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$6489.03/ month
$1,359,200 Principal and Interest
$1,631,040 Property Taxes

Location

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Walk Score for 414-420 Main Street

Some information about this property - Main Street

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