Purchase Price : 2,500,000 USD
Appraisal: 3,400,000 CDN
Best real estate in the city.
Awesome revenue in a Landmark Hotel.
Gross annual sales: 3,300,000 CDN, can easily support a mortgage.
Monthly tenants, pub, restaurant, banquet facilities, cold beer & wine store.
Financial statements to qualified buyers.
3 Levels with balconies and 50 rooms of which 33 rooms are all equipped with kitchen facilities ( many booked year round.)
Pub: ( 185 seat class A License )
Banquet Room ( 139 seats services over 50 organizations regularly)
Restaurant ( 165 seats, Class B License )
Major recent renovations done:
2 furnaces, natural gas hot water
New electrical service, rewired
New Cold Beer & Wine Store - 4500 sq.ft.