Business for sale

272 Wallace Street, Hope

$2,490,000

Contact the REALTOR^®

$2,490,000

Business for sale

272 Wallace Street, Hope

Features

Lifestyle

Year Built

1960

Floor Area

18,233 sqft

Lot Size

16,117 sqft

Building Type

Low Rise (2-4 storeys)

Zoning

CBD

Amenities

See Remarks

Major Business Type

Accommodation Travel & Tourism

Minor Business Type

Travel, Hotel/Motel

Business Name "doing business as"

Hope Motor Motel

Business Operating Since

1960

Description

Rare opportunity to own a landmark property in the city center of Hope. The Hope Motor Motel has 11 guest rooms with restaurant set up, and it's ready for your new idea. The adjacent liquor store on with property is potentially available for purchase. The property is zoned for CBD-Downtown Commercial with flexible zoning use. Future Potential for Retail on main, Motel or residential units on top. Hope is experiencing high growth, seize this strategic location now for your future business endeavors.

MLS^® Number C8077321

Listing REALTOR^®

Morgen Yuan

REALTOR^®, Personal Real Estate Corporation

RE/MAX City Realty

Location

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Mortgage amount 2,490,000 $

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1% of $200,000 $

2% of remaining value up to and including $2,000,000 $

3% of remaining portion over $2,000,000 $

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The amounts shown above are for information purposes only and do not include taxes, if applicable.
You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
There are additional costs to buying a home. Speak with your REALTOR® for more information.

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Morgen Yuan

RE/MAX City Realty

RE/MAX City Realty

Business for sale

272 Wallace Street, Hope

Business for sale

272 Wallace Street, Hope

Features

Description

Listing REALTOR®

Morgen Yuan

RE/MAX City Realty

Location

Calculate mortgage payments

Estimated property transfer tax

Calculate borrowing capacity

Listing REALTOR^®