12335 & 12337 HWY 41, Addington Highlands (Addington Highlands)

$699,900

For sale: Other

Other at 12335 & 12337 HWY 41, Addington Highlands (Addington Highlands)
Property type
Sale Of Business
MLS®
MLS® X13117534
Neighbourhood
62 - Addington Highlands

Welcome to the Pine Grove Motel, a fantastic turn-key investment opportunity right in the heart of Northbrook. Sitting on just over an acre, this well-established property offers incredible potential for investors, entrepreneurs, or anyone dreaming of stepping into the hospitality business. The motel currently features 6 rental units, with an additional storage building, with laundry full laundry facility on one side, offering the exciting possibility to be converted into a 7th unit for added income potential. Laundry facility includes washer and dryer for motel linens and towels. Also included is a small on-site store, creating even more opportunity to expand services and revenue streams. The owner's residence is conveniently onsite and thoughtfully laid out, featuring a spacious kitchen, dining room, comfortable living room, 2 bedrooms, a 4 pc bathroom, and direct access to the motel office, making day-to-day operations both practical and efficient. With excellent visibility, a prime in-town location, and endless possibilities for future growth, this unique property is ready for its next chapter. Whether you are looking to expand your investment portfolio or start a new business venture, the Pine Grove Motel offers the perfect combination of lifestyle and opportunity. Showings by appointment only. Please do not drop by and speak with the sellers as this is their busiest season.

Sold data

Homes in Addington Highlands (Addington Highlands) — recent sold market

Homes in Addington Highlands (Addington Highlands) took a median of 61 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 110, across 54 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 81 days.

The median sale price was $312,450.

Homes sold for about 6.0% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 39% of sellers reduced their price before finding a buyer.

Median days to sell
61
Median sale price
$312,450
Sale-to-list ratio
94.0%
Sold above asking
6%

Based on 54 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 12335 & 12337 HWY 41