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$ 5,450,000
Est. payment | /mo
26,456 SqFt
$ 5,450,000
Est. payment | /mo
26,456 SqFt
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 26,456 sqft
Price per Sqft $206
Subdivision Goderich (Town)
MLS Listing ID X13153178
Annual Tax Amount $32,702
Tax Year 2025
Property Sub-Type Sale Of Business
Lot Front 82.69
Property Description
Landmark property on Goderich's celebrated Courthouse Square, in the Lake Huron town Queen Elizabeth II called"the prettiest town inCanada."A three-storey Victorian property dating to the 1890s, offered as a turnkey real-estateasset with all furniture, fixtures and equipment included.The building holds 34 guest keys across the upper floors, a full commercial kitchen, and multiple licensed food-and-beverage venues -PaddyO'Neil's Restaurant & Pub, JoeFriday's Sports Bar, and the Duchess Room for private events and daily breakfast - with a ground-floor barber. Individually furnished air-conditioned guest rooms with private washrooms.Professionally inspected in 2022; roof replaced 2011, major mechanical systems updated 2019. Flexible C4 zoning supports continued hospitality use, boutique-hotel repositioning, or events. LLBO in place; business name, website and domain available to transfer.Approximately 2 hours 45 minutes west of Toronto via Hwy's 401 and 8, and about 70minutes from LondonInternational Airport. Steps from three Lake Huron beaches famous for their sunsets, the Huron CountyMuseum,HuronHistoric Gaol, Livery Theatre, and the shops and restaurants of the Courthouse Square. Strong tourism market.This is an asset sale. The price reflects the property as a whole - the building, the land, and everything included with it: all furniture, fixtures and equipment, the licences, and the business name - together with the value of a landmarkbuilding in a prime location on Courthouse Square. The price is not based on a multiple of the hotel's current earnings. Financial statements covering 2023, 2024 and 2025 (holdco and operating entities; 2023 and2024 accountant-compiled, 2025 internal) will be made available to the buyer and their accountant as background on how the business has operated - not as the basis of the asking price. A rare opportunity to own a landmarkincome- producing property in one of Ontario's most celebrated lakeside towns
Location
Province ON
County Huron
Area Huron
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 82.69
Building
Building Age 100+
Others
ParcelsYN No
Virtual Tour https://www.zolo.ca/goderich-real-estate/92-courthouse-square#virtual-tour
Listed by ZOLO REALTY
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