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Motel for sale Nanaimo, BC  $789,000

#107345 | 950 Terminal Avenue

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Contact the owner of this motel directly

Phone number : 250-754-5338
Other : 250-754-4415
Cell phone : 250-713-3126
Email : Login to send email
Website : Visit owner's website
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Motel for sale details

Property type : Motel

Asking Price : $789,000 CAD
No agents

Building : 45x79 ft (13.7x24.1 m)

General condition : Excellent

Lot : 119.7x59.2 ft (36.5x18.0 m)

Localisation certificate : Yes

Number of parkings : 16

Company : Motel Nanaimo Holdings Ltd

Franchise : No

In operation since : 2005

Taxes year : 2007

Mortgage balance : $0 CAD

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Annual and monthly costs for this motel

Costs' summary Monthly Annual
Mortgage
Insurance $222.83 $2,674
Heating $535.17 $6,422.08
Electricity $352.55 $4,230.60
Maintenance fees $100 $1,200
Water taxes $80.29 $963.46
Municipal taxes $335.42 $4,025.08
Known costs' total $1,626.27 $19,515.22
Incomes' summary Monthly Annual
Incomes $11,985.37 $143,824.45
TOTAL INCOMES $10,359.10 $124,309.23

More details about this Nanaimo motel for sale

  • External facing
      • Wood
      • Brick
      • Vinyl Siding
  • Foundation
      • Concrete block
  • Frame
      • Concrete
  • Roof
      • Synthetic tiles
  • Floor coverings
      • Ceramic
      • Carpet
  • Windows
      • PVC
  • Heating source
      • Hot water
  • Electric system
      • Breakers panel
  • Features
      • Air Conditioning
      • With Residence
      • Kitchen
      • Fire Detector
      • External Lighting
      • Outside Sign
      • Furnace
      • Intercom
      • Lights
      • Stove
      • Laundry Room
      • Bathroom
      • Municipal Services
      • Blinds and/or Curtains
      • Alarm System
      • Network Cabling
      • Sprinkler System
      • Telephone System
  • Basement
      • None
  • Upgrades
      • Heating
      • Kitchen
      • Electricity
      • Windows
      • Insulation
      • Crown moulding
      • External facing
      • Plumbing
      • doors
      • Bathrooms
      • Carpet
  • Parking / Driveway
      • Outside
  • Zoning
      • Bar
      • Office
      • Storage
      • Wholesaler
      • Industrial with nuisance
      • Industrial without nuisance
      • Manufacturer
      • Restaurant
      • Services
      • Show
      • Retail sale
  • Location
      • Highway access
      • Near park
      • Close to all services
      • Public transportation
  • Lot's description
      • Mature trees
      • Fenced
      • Corner lot
      • Patio/deck
      • Landscaped

Owner's comments

Our friendly, comfortable and affordable motel is located in a convenient location just off Highway 1. We are walking distance from Terminal Park Shopping Plaza and the Sea walk trail; and only few minutes' drive from Downtown Nanaimo and the Nanaimo Golf Club.This motel has been fully upgraded in 2005. Live here and earn over $95,000 a year! or keep our great manager and make $70,000 and over per year.
*Highly recommended by Tourism Nanaimo.
* The manager suite consist of two bedroom family units with kitchens .* High quality Sealy Posturpedic king and queen sized beds in all rooms.* Acrylic one piece Tub/Shower Surrounds
* All rooms come with fridges, microwaves, hairdryer and kettles.
* Non-smoking property.
* Cable TV with full cable.
* Wireless telephones with voicemail.
* Free high-speed wireless internet access. Our revenue has been increasing steadily every year. This motel opens up a great opportunity to start a new and successful business

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