Ashok ( Ash ) Patel
Broker
SAVE MAX ACHIEVERS REALTY, Brokerage
Independently owned and operated.
170 Wilkinson Rd, Brampton, Ontario L6T 4Z5
Cell: 416.669.7892Office: 905-497-6701Fax: 905-497-6700
$499,000
Available - For Sale
Listing ID: X9394067
230 Main St , Southwest Middlesex, N0L 1M0, Ontario
| The McKellar Hotel has long been an iconic establishment in Glencoe, offering a blend of community charm and vibrant atmosphere. With seating for 262 patrons, the hotel boasts a spacious bar area, a kitchen and a dining areas that is perfect for both casual and formal gatherings. The venue also features a stage for entertainment, a pool room for leisure activities, and a large patio that accommodates an additional 48 guests, making it an ideal spot for social events and gatherings. The parking lot at the rear across from Lovell Street is included in the sale with the two car garage.On the second floor, the hotel includes four rented apartments, providing potential rental income or accommodation for staff. Additionally, a sizable vacant apartment on the third floor offers opportunities for expansion or personal use. The property is complemented by a large parking lot and a two-car garage, which is currently in need of repairs.Located in the heart of Glencoe, this vibrant town is home to the Glencoe Gaels High School, Ekcoe Central Public School, and St. Charles School, making it an attractive area for families. The town offers a variety of amenities, including dining option like The Palace Restaurant, Subway, Pizza Picasso, and Tim Hortons, as well as grocery stores such as No Frills and Foodland. Residents can enjoy recreation facilities like an arena and a curling club, along with local shops and services including salons, pharmacies and professional offices.The features collectively make Glencoe a desirable location for business investors and families seeking a community-oriented small-town lifestyle. The McKellar Hotel stands as a cornerstone of this welcoming community, offering endless potential for growth and development. |
| Price | $499,000 |
| Taxes: | $5534.72 |
| Tax Type: | Annual |
| Assessment: | $263000 |
| Assessment Year: | 2024 |
| Occupancy by: | Own+Ten |
| Address: | 230 Main St , Southwest Middlesex, N0L 1M0, Ontario |
| Postal Code: | N0L 1M0 |
| Province/State: | Ontario |
| Legal Description: | PT LT 6, BLK C, W OF MAIN ST, 34PL159, A |
| Lot Size: | 58.00 x 165.45 (Feet) |
| Directions/Cross Streets: | THE MCKELLAR HOTEL IS ON THE WEST SIDE OF MAIN STREET AT THE CORNER OF MAIN AND MCKELLAR STREETS |
| Category: | With Property |
| Use: | Bar/Tavern/Pub |
| Building Percentage: | Y |
| Total Area: | 9178.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 5635 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 3543 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Business/Building Name: | THE MCKELLAR HOTEL |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 2 |
| Hours Open: | Fri/Sat |
| Employees #: | 2 |
| Seats: | 262 |
| LLBO: | Y |
| Taxes Expense: | $5534 |
| Insurance Expense: | $15764 |
| Management Expense: | 23614 |
| Heat Expenses: | $1899 |
| Hydro Expense: | $14250 |
| Water Expense: | $2898 |
| Other Expenses: | $51967 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Washrooms: | 8 |
| Outside Storage: | Y |
| Rail: | A |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| ROYAL LEPAGE TRILAND REALTY |
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Ashok ( Ash ) Patel
Broker
Dir:
416.669.7892
Bus:
905-497-6701
Fax:
905-497-6700
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Middlesex |
| Municipality: | Southwest Middlesex |
| Neighbourhood: | Glencoe |
| Lot Size: | 58.00 x 165.45(Feet) |
| Approximate Age: | 100+ |
| Tax: | $5,534.72 |
| Maintenance Fee: | $2,112 |
| Baths: | 8 |
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