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Visitor Number: 18,001,192

325 Munro Street MOTEL/RESIDENCE, Thunder Bay, ON

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$180,000 Site# 2185 Viewed: 16107 Map to Location
807 345 5342 Type: Bedrooms: 0
Acreage: Bathrooms:
Sq Ft: Age:
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Munro Motel, excellent business opportunity with residence/office on seperate lot!!

The Munro Motel is located in the north end of Thunder Bay within a 15 minute walk to the Thunder Bay Casino, downtown waterfront and across the street from the new Molecular Medicine Research Centre.

The Munro Motel is an excellent business opportunity with 10 rooms. Each room has a full sized fridge, cooking facilities and cable television. Four rooms have two double beds and six rooms have one double bed. All rooms are rented weekly or nightly. Current weekly rates are $150.00 to $250.00 and nightly rates are $40.00 to $50.00. The motel is heated by a hot water boiler system with separate temperature control for top and bottom floors. Each room has their own heat detector and smoke alarm.

In addition to the motel there is a 3 bedroom brick bungalow situated on a separate 56' X 120' lot beside the motel. The motel office is located here. In the house is a sauna and separate rental suite in the basement. The rental suite includes a bedroom, kitchen, living room and 4-piece bath.

Due to legal restrictions, the motel and house must be sold as separate entities due to their separate lots. The motel asking price is $180,000 and the house asking price is $120,000. These units must be sold as a package.

Motel:

325 Munro Street
Lot Size 73' X 120'
Building Size 3,080 sq. ft.
Approx. gross revenue for 2006 $70,000

Expenses 2006
Property Tax: $5,442
Hydro: $2,600
Heat: $5,260
Water: $1,900
Insurance: $3,000

3 Bedroom Bungalow

321 Munro Street
Lot Size 56' X 120'
Building Size 1300 sq. ft.
New Furnace September 2005

General Expenses for 2006

Property Tax: $3,000
Hydro: $1,200
Heat: $1,600

 

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