Catylist Listing ID: 30421573
Property Subtypes: Hotel, Inn, Motel
Number of Units: 13 Units
Building Size (RSF): 4,420 SF
Gross Building Area: See Agent
Gross Land Area: 11,774 SF
Sale Price: $1,150,000
Unit Price: $88,461.54 Per Unit
Property Use Type: Investment, Business
Building Name: Hi-Way Motel
Name of Establishment: Hi-Way Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Single story Motel with 13 rooms including 9 Single Bed and 4 Double bed. Complete with an additional owners living quarters with finished basement. Mint condition throughout.

Additional Details

Nearest MSA: Portage la Prairie
Market: Winnipeg
Taxing Authority: City of Portage La Prairie
Retail Clientele: General, Family, Traveler, Tourist, Convention, Other
Property Located Between: NE Corner of Saskatchewan Avenue and 21st Street.
Property Visibility: Excellent
Largest Nearby Street: 21st Street
Feet of Frontage: 88
Highway Access: Immediate East West route
Airports: Portage La Prairie
Site Description: West Portage La Prairie - Mostly commercial in nature.
Area Description: Next to streets residential in nature. Busy traffic artery.
Nearby Attractions: Tim Hortons minutes away. Commercial centre West Field Crossing which includes Boston Pizza, Sobeys, Burger King, and Dollarama immediately west.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2007
Roof Type: Arched
Construction/Siding: Aluminum Siding, Vinyl Siding, Wood Frame
Exterior Description: U Shaped
Parking Type: Surface, Other
Parking Description: Available. Accessible and near all units.
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Other
Internet Access: Cable, Satellite
Interior Description: Open area. Newer washrooms. Carpeted Floors. Mint Condition. Owner's premises with hardwood flooring, fireplace, kitchen facility and finished rec room.
Zoning Description: C3 Avenue Commercial
Lot Frontage: 88
Lot Depth: 133
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CT 2348092/3/2010 Saskatchewan Ave West

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Photograph of Listing Agent

Edward Yuzak

Sutton Group - Kilkenny
CPIX® Member
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