Description

Excellent user or investment opportunity available for sale. Formerly known as the "The Bayview Inn" Located along the northwest edge of Deseronto on the Dundas Street corridor, the property benefits from strong visibility and convenient access. Situated on the southwest corner of Dundas Street and Pearl Street, the site comprises a 11,518 square foot freestanding hospitality asset on approximately 1.10 acres. Rooms are on short-term leases compromised of 21 Studio suites and TWO 2-bedroom for a total of 23 Room with estimated gross rents $190,926/annum at full occupancy. Built in 1988, the property features a low site coverage of approximately 24% and a parking ratio of 1.43 stalls per room, offering potential operational flexibility. The property is zoned C1-2 (General Commercial - Exception), which permits a motel use including up to two permanent residential units. Located within a supply-constrained market with limited competing inventory, the offer presents a rare opportunity for continued hospitality use or future repositioning, subject to planning approvals. The Property is tenanted and being sold "as-is where is".

Features

Amenities

Summary

Details