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Listed by Keller Williams Platinum Realty
$ 375,000
Est. payment /mo
Active
11 Main Street St. Brides, NL A0B 2Z0
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $62
MLS Listing ID 1288261
Style Detached,6-10 Units
Year Built 1968
Tax Year 2025
Lot Dimensions 0.217 ha
Property Sub-Type Multi Family
Source NLAR
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 10 units with one meter, including 7 units equipped with kitchenettes and 3 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. 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.
Location
Province NL
Zoning no zoning
Interior
Heating Mini Split, Oil, Radiant
Cooling Mini Split, Oil, Radiant
Equipment None
Exterior
Exterior Feature Vinyl
Roof Type Shingle - Asphalt
Building
Foundation Concrete, Fully Developed
Sewer Septic
Water Other
Others
Virtual Tour https://youtu.be/U3Y__hO-Xj4
