450 REGIONAL ROAD 55
Greater Sudbury (Sudbury), Ontario
MLS® X13008636
$3,950,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13008636
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing description
A 37-room motel (Lively Inn & Suites Motel), together with three stable tenants, generates a fixed gross monthly rental income of $13,300 from a restaurant, dog-training facility, and convenience store. The property sits on a 3. 14-acre, C2-zoned corner lot, offering exceptional visibility, easy access, and a prime opportunity for high-traffic commercial or mixed-use development on its surplus land.
Currently zoned Highway Commercial (C2 R1-5) and comprising three separate lots with individual PINs (including two lots fronting Old Soo Road), the site supports a wide range of development possibilities such as a plaza, gas station, or additional commercial structures. This property is ideal for an investor seeking both immediate income and long-term development potential, with zoning that accommodates numerous commercial projects or future expansions to the existing motel operation.
Property summary
- MLS® number
- X13008636
- Property type
- Business
- Square footage
- 3 sq ft
- Land size
- 3.14 acres
- Annual property taxes
- $38,999.80
- Days on market
- 137 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $3,950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY, MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.