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Est. payment | /mo
11,518 SqFt
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Est. payment | /mo
11,518 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,518 sqft
Subdivision Deseronto (Town)
MLS Listing ID X13701880
Annual Tax Amount $17,532
Tax Year 2025
Property Sub-Type Investment
Property 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".
Location
State ON
County Hastings
Area Hastings
Zoning C1-2 Site Specific Use
Interior
Cooling Yes
Inclusions Any inclusions chattels/fixture will deemed as-is condition.
Exterior
Utilities Available Available
Lot Frontage 218.98
Lot Depth 208.13
Others
Security Features Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
Nearby Locations