9628 Hwy 509

Description:

Client Rmks: Thriving Business Opportunity in the Heart of Cottage Country next to Palmerston Lake. Nestled in the scenic and sought-after tourist destination of Palmerston Lake, this newly renovated 11-room motel offers incredible potential for investors or entrepreneurs. Situated on 2 acres with stunning views overlooking the lake, the property includes a welcoming reception/office area and an upper-level 3-bedroom, 1-bath apartment, perfect for an owner-operator or to generate additional income as a rental or Airbnb. With year-round tourist traffic, the business benefits from summer vacationers drawn to the area with many pristine lakes and winter visitors including snowmobilers and outdoor enthusiasts. High-speed internet and reliable cell service are available. Located just 3 hours from Toronto, this is a unique opportunity to live, work, and thrive in one of Ontario's most beautiful recreational areas.
Inclusions: 10 king beds, 8 queen beds 12 air conditioners, 15 small fridges, hot water tank, 15 tvs, includes all existing chattels and equipment
Broker Rmks: 24 hr irrev on Offers, 24 hr Irrev on Offers. Two properties included in sale: 9628 Hwy 509 with motel, PIN 362060033 and 9636 Hwy 509 is vacant lot, Pin# 362060034. Frontage of 496.75, is frontage of both lots together. Well for motel located on the vacant lot. All room furnishings are from Marriott Hotel. Across the road is Palmerston Marina; the Marina's septic weeping bed is located on motel's lot and is legally deeded. Property taxes $3,229.12/2025 include motel property ($2,937.48) and vacant lot ($291.64). Potential plug-in sites for RV camping in vacant lot. See attached for extra notes and features.
Offer Rmks: 24 Irrevocable on all offers.