For sale421 Grand Avenue E, Chatham-Kent, ON N7L 1X4
Chatham-Kent, ON N7L 1X4
About this property
Incredible opportunity for an investor looking for a well-established property with plenty of upside. The Flamingo Motel has a long history of providing travellers, workers and longer-term guests with an affordable and welcoming place to stay in Chatham.The property currently operates with 14 motel rooms, along with a spacious attached residence featuring four bedrooms, three full bathrooms, a kitchen and a living room. The residence offers flexibility for an owner-operator, on-site manager or staff accommodations. Subject to municipal approval, a buyer may also wish to explore options for creating additional rentable suites or reconfiguring portions of the property to increase its income potential.The building has benefited from several important updates, including most windows, a newer roof, an updated fire alarm system and renovations to three of the motel units. The existing layout provides a solid foundation for a new owner to continue operating the business while updating additional rooms over time.Located in Chatham, the property is well positioned to serve guests travelling through Southwestern Ontario, as well as contractors, seasonal workers, families and visitors requiring short- or longer-term accommodations. Chatham is a growing regional centre with convenient access to Highway 401, shopping, restaurants, healthcare, recreation and a diverse local economy supported by agriculture, manufacturing and service industries.Whether you are looking for an owner-operated business, an income-producing property or a value-add investment, the Flamingo Motel offers a rare combination of existing operations, on-site living accommodations and future potential. Property and business are being sold together. Buyers are responsible for completing their own due diligence regarding zoning, licensing, permitted uses and any future renovations or additional units.
Property facts & features
- Property type
- Investment
- MLS® number
- X13646154
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 18923
- Neighbourhood
- Not provided
- Postal code
- N7L 1X4
- Garage
- None
- Lot depth (source units)
- 270
- Annual property tax
- 13781
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $879,900
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Chatham-Kent →Listing brokerage: THE REALTY FIRM PRESTIGE BROKERAGE INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13646154. Information deemed reliable but not guaranteed.