For Sale

9151 Road 164 (HWY 23) Road, North Perth, Ontario N0G 2P0

$3,000,000

9151 Road 164 (HWY 23) Road, North Perth, Ontario N0G 2P0 is For Sale and has a listing price of 3,000,000. The property is located in the North Perth . It's been on the website for 71 Days.

  • Investment
    Property Type
  • MLS ID: X11996381
  • Office Name ROYAL LEPAGE FLOWER CITY REALTY
Property Description

Priced to Sell – 6 Acre lot,11500 Sft-20 Rooms Motel (19 Rentable Rooms, 1 Game Room with Potential to turn it into a Rentable Room), plus a 2 Bedroom Owner suite (2 BR, 1 Bath, kitchen, living and dining), extensively renovated. A 528 ft. Frontage on Ontario HWY-23 N, easily visible from street. The property, currently zoned as Highway Commercial, offers a variety of development and expansion opportunities. This parcel is ideally suited for a range of developments. With its substantial size and strategic zoning, the property is ripe for a visionary developer to maximize its potential fully. Renovations completed between 2017 and 2020 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridor, windows, doors, roofing, this includes new roof shingles 2020, ESA Certified, Energy efficient Base board Heaters and new Plumbing/Sewer permit approved. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Listowel Golf Club, Spinrite Yarns, LTI Tech. (Honda), Steve Kerr Memorial Complex and developing Northeast Employment Lands. With the current owner looking to retire, this presents a unique opportunity for a motivated buyer to capitalize on the property’s potential. Under new management, there is tremendous scope to enhance revenue and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential. Attention all investors & builders: The current Highway Commercial zoning of supports a wide array of development projects or expansions to the existing motel. Property Serviced by Hydro One for Electricity & Enbridge Gas for Natural Gas.

Property Details
  • MLS ID: X11996381
  • Price: $3,000,000
  • Lot Depth: 495
  • Transaction Types: For Sale
  • Ref ID: X11996381
  • Year Built: N/A
  • Dir / Cross St: HWY 23 and Line 89
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 16-30
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
03/03/2025 X11996381 $3,000,000 For Sale - -
03/03/2025 X11996401 $3,000,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North Perth
  • $854,595 Average List Price
    based on 1 year
  • 3 New Listings
    based on 30 days
  • 180 Median Days on Market
    based on 1 year
  • List vs. Selling Price 92.79 % Up
  • Sold (12mo) 59
  • Rented (12mo) 3

  • 1 Month Change +9.1%
  • 3 Month Change -29.2%
  • 6 Month Change +2.4%
Walkscore
Property Type Distribution
  • All Houses
    87.31%
  • Commercial
    8.18%
  • Condo
    4.31%
  • Land for Sale
    0.2%
Additional Details
  • Heat Type Baseboard
  • Garage Type Outside/surface
  • Parking Spaces: 41
  • Taxes: $9,012
  • Last Status New
  • Original Price: $3,000,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 30/60/90
  • Listing Entry Date: 03/03/2025 14:01:45
  • Possession Date: 15/05/2025 00:00:00
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