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Home NL Division No. 1, Subdivision C
11 Main Street
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11 Main Street $375,000
$375,000
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11 Main Street
St.Brides, Newfoundland & Labrador A0B2Z0

MLS® Number: 1269026

Listing 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, 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. Don't miss the chance to own a profitable hotel with everything in place to ensure your success from day one! (27932666)

Property Summary

Property Type
Business
Building Type
Special Purpose
Title
Freehold
Land Size
0.217ha|.5 - 9.99 acres
Built in
1968
Annual Property Taxes
$0
Time on REALTOR.ca
373 days

Building

Interior Features
Flooring
Ceramic Tile, Laminate, Other
Building Features
Present Use
Hospitality / Resort, Other, Motel / Hotel
Building Amenities
Air Conditioning, Laundry Facility, Living Accommodation
Heating & Cooling
Cooling
Air exchanger
Heating Type
Radiant heat, (Oil)
Business
Business Type
Accommodation (Bed & Breakfast), Accommodation (Hotel), Accommodation (Motel), Other (General commercial), Other (Mixed - IC&I)

Measurements

Square Footage
6000 sqft

Land

Lot Features
Landscape Features
Landscaped
Other Property Information
Access
Year-round access
Zoning Description
Comm.
Data provided by: Newfoundland & Labrador Association of REALTORS® 28 Logy Bay Road, St John's, Newfoundland & Labrador A1A 1J4
MAE JIA