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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$879,900
Available - For Sale
Listing ID: X13646154
Incredible opportunity for an investor looking for a well-established property with plenty of upside. The Flamingo Motel has a long history of providing travellers, workers and longer-term guests with an affordable and welcoming place to stay in Chatham.The property currently operates with 14 motel rooms, along with a spacious attached residence featuring four bedrooms, three full bathrooms, a kitchen and a living room. The residence offers flexibility for an owner-operator, on-site manager or staff accommodations. Subject to municipal approval, a buyer may also wish to explore options for creating additional rentable suites or reconfiguring portions of the property to increase its income potential.The building has benefited from several important updates, including most windows, a newer roof, an updated fire alarm system and renovations to three of the motel units. The existing layout provides a solid foundation for a new owner to continue operating the business while updating additional rooms over time.Located in Chatham, the property is well positioned to serve guests travelling through Southwestern Ontario, as well as contractors, seasonal workers, families and visitors requiring short- or longer-term accommodations. Chatham is a growing regional centre with convenient access to Highway 401, shopping, restaurants, healthcare, recreation and a diverse local economy supported by agriculture, manufacturing and service industries.Whether you are looking for an owner-operated business, an income-producing property or a value-add investment, the Flamingo Motel offers a rare combination of existing operations, on-site living accommodations and future potential. Property and business are being sold together. Buyers are responsible for completing their own due diligence regarding zoning, licensing, permitted uses and any future renovations or additional units.
Price $879,900
Taxes: $13,781
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Owner
Address: 421 Grand Avenue East , Chatham-Kent, N7L 1X4, Chatham-Kent
Postal Code: N7L 1X4
Province/State: Chatham-Kent
Legal Description: LT 60 RCP 781; Chatham-Kent
Directions/Cross Streets: St. Clair St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: T
Total Area: 18,923
Total Area Code:  Sq Ft Divisible
Area Influences: Public Transit   Recreation/Comm
Chattels: T
Franchise: F
Days Open: O
Maintenance: 0
Expenses Actual/Estimated: $Act
Heat Type: Radiant
Central Air Conditioning: Partial
Sewers: Sanitary
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THE REALTY FIRM PRESTIGE BROKERAGE INC.

421 Grand Avenue East , Chatham-Kent, N7L 1X4, Chatham-Kent

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Stan Khurana
Sales Representative
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6473836000
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Type: Com - Investment
Area: Chatham-Kent
Municipality: Chatham-Kent
Neighbourhood: Chatham
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Lot Size: x 270.00(Feet)
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Tax: $13,781
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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