Magnificent property made up of 2 huge Victorian houses offering 5 luxury apartments of 2-4 bedrooms each. Operated as a hotel since 1985 & currently operating as a nightly executive rental. Stunning rooftop terrace. A world of opportunities given its zoning & revenues.
Unique commercial property generating massive revenue -Newly renovated property, currently being operated as an executive nightly rental. -Licensed hotel. Airbnb rental permitted. -Streamlined operation requiring virtually no staffing. Easy to run. -2019 fiscal year NOI $280,000. 2019 revenues of $450,000. -Appraised by two independent appraisers fall 2018 at $3,550,000 and $3,700,000.
Condominium conversion -Property zoned commercial for unlimited units. -Possibility of further 4,000sqft of condo development on the rear of the building -Floors can be added to the existing building
Apartment conversion -Building able to be converted at any time to apartment dwellings for stable long term income