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Ted Misztela

tadvesz@icloud.com +1(902) 489-4559

Listed by Ian Hamilton • Royal LePage Anchor Realty

$1,895,000

Est. payment - /mo

10,820 SqFt

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 10,820 sqft

Price per Sqft $175

MLS Listing ID 202617260

HOA Y/N No

Lot Size 10.699 Acres

Acres 10.699

Property Sub-Type Business

Source Nova Scotia

Property Description

Strategically positioned as the Gateway to the Highlands, the Cornerstone Motel offers an unparalleled investment opportunity located directly on the world-famous Cabot Trail, less than a one-minute drive from the western entrance of the Cape Breton Highlands National Park and the recently refurbished Chéticamp Visitor Centre. This turn-key hospitality asset features 17 renovated motel rooms with a proven track record of excellence (4.9/5 guest rating), situated on a tranquil property offering private walking trails along the Chéticamp River and direct access to world-class fly-fishing. A significant value-add component is the property's fully equipped, 3,128 sq. ft. recently renovated restaurant and event hall, though currently dormant, this space is primed for immediate activation to capture the massive influx of visitors to the region, where occupancy rates peak at 80 percent and over 201,000 cruise passengers explore the island annually. Complementing the commercial assets is a modern three-bedroom residential home, ideal for a live-work lifestyle or on-site management. With global hotel searches in Canada increasing by 40 percent year-over-year and Cape Breton Island consistently ranked as the number one Island in Canada, the Cornerstone Motel is a premier acquisition for investors looking to own a cornerstone of one of the World's Most Beautiful Drives.

Location

Province NS

County Inverness

Area 306-Inverness County / Inverness & Area

Zoning Mixed Use

Region Highland Region

City Region Highland Region

Interior

Heating Baseboard, Furnace, Hot Water, Radiant

Cooling Ductless

Flooring Concrete, Other, Wood

Equipment Fuel Tank(s)

Fireplace No

Exterior

Utilities Available Electric, Propane, Electricity Connected, Well

Waterfront Description River Front,River Access,Waterfront,Fresh Water

View Y/N Yes

View River

Roof Type Asphalt

Accessibility Wheelchair Accessible

Garage No

Private Pool No

Parking Type Driveway,Paved

Building

Lot Description 10 to 49.99 Acres, Sloped, Wooded, Visual Exposure, Other

Sewer Septic Tank

Water Drilled Well

New Construction No

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://drive.google.com/file/d/1z5Wh2fEji_HtSsZlf5lg_WEw8mqXOR4J/view?usp=sharing

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Nearby Locations

Ted Misztela

+1(902) 489-4559 | tadvesz@icloud.com

16537 Cabot Trail Rd Chéticamp, NS B0E 1H0

Ted Misztela

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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