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In-PersonVirtual Tour
$ 375,000
Est. payment | /mo
6,000 SqFt
$ 375,000
Est. payment | /mo
6,000 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $62
MLS® Listing ID 1269075
Year Built 1968
Property Sub-Type Freehold
Source Newfoundland & Labrador Association of REALTORS®
Property Description
Acquired in 1994, the Capeway Inn & Suites emerged from the historic Presentation Convent, transformed into a welcoming tourist facility. Located in the heart of an enchanting region, this property offers the most attractive accommodations closest to North America's easily accessible seabird colony at Cape St. Mary's Ecological Reserve. For nearly three decades, dedicated operators have nurtured this establishment into a thriving business, focused on providing guests with the utmost comfort and top-notch amenities in this beautiful area which is recognized as a 4 STAR property. The property has undergone significant renovations to preserve its historical significance while offering modern comfort. It comprises a total of 9 units with one meter, including 7 units equipped with kitchenettes and 2 units featuring two double-size beds, catering to a diverse range of guest preferences. This property offers the flexibility for the owner to reside on site, with a spacious 2-bedroom unit or another unit of their choice. Additionally, it provides eight other units available for rental purposes, catering to both tourism and long-term rentals. Close to Gooseberry Cove Provincial Park, Point Lance Sands, Ferry Traffic,Port of Argentia. Beyond accommodations, there's potential to develop an RV park on nearby grounds, with level land requiring minimal excavation. Additionally, operating a coffee/tea shop with soups, sandwiches, and light lunches or even a full-fledged restaurant can complement our accommodations, enhancing the guest experience and revenue streams. The Capeway Inn & Suites represents an extraordinary opportunity in a region rich with natural beauty and potential for growth. This is not just a hotel; it's a turnkey investment. With minimal hassle and immediate returns, it's the ideal opportunity for both seasoned hoteliers and newcomers to the industry. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Radiant heat,
Cooling Air exchanger
Flooring Ceramic Tile, Laminate, Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Septic tank
Others
Ownership Freehold
Virtual Tour https://youtu.be/U3Y__hO-Xj4
Listed by Keller Williams Platinum Realty
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1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada