Sale Information

The Modesta Lodge Business Opportunity

Apartments & Lodging Rooms For Sale

Business Opportunity:

Villa House / The Modesta Lodge on Villa St. is an excellent residential rental business. An opportunity for self employment within the City of Thunder Bay, Ontario, Canada. The lodge on Villa St. offers an ideal opportunity for local person (s), investors from within or out of town or an immigrant business entrepreneur who wants to immigrate to Canada and ultimately settle in Thunder Bay.

What:

Villa House / The Modesta Lodge on Villa Street operates as a sort of “Home Away From Home”; The lodging is for people who travel and need lodging for sleep, rest, safety, shelter, storage and access to common household functions. Lodgings are self catering in which case no food is laid on but cooking facilities are available The Modesta Lodge on Villa Street offers a viable housing option for students, single tenants, seasonal or other traveling workers, empty nester widows or widowers, or others who don’t desire or require large dwellings or private domestic appliances. The smaller size and limited amenities at the Modesta Lodge makes short term 2 to 4 month accommodations an affordable housing option.

Location:

The Modesta Lodge on Villa is located on 238 Villa street, with a Lake Superior and Marina Park waterfront great view…you can see the ships come in, the sun rise over the Sleeping Giant on the lake…it’s just beautiful, Civic buildings of Historic significance to mention only a few of the great scenery from either Villa street or other sleeping units on the east and west side… windows or balcony. Geographically, Thunder Bay is located near the center of Canada, along the TransCanada highway number 11/17, and the international shipping port on the upper and northern tip of Lake Superior; The Lodge on Villa is positioned on a quiet, inner – city neighborhood, only 2 city blocks away from the waterfront at Marina Park; also conveniently located near the city main transit terminal at Water street and the waterfront, major shopping malls, many major food outlets, churches, public and high schools, the regional hospital, many medical clinics, social agencies, various drug and alcohol treatment centers, correctional facilities and a court house, as well as one of the largest provincially run gambling casinos. There are many other conveniences and benefits related to this location.

Amenities:

The Modesta Lodge on Villa is constructed of a wood frame structure with brick cladding on top of a full stone basement; which was embraced with aluminum siding some time ago and features 4 livable floors. The entire building is fully furnished and will be sold that way…”Lock, Stock and Barrel”. In addition, the Lodge on Villa has an attached double car garage, and 3 driveways on a double corner lot. This reflects in plenty of off street parking, which is especially useful during the winter months. The legal and licensed housing capacity is 3 self-contained apartments, one family suite in the basement as an extension of apartment number 2, and 6 licensed lodging rooms. The lodging rooms, all furnished, feature shared kitchens and bathrooms down the hall. The total housing capacity of nine sleeping units can be rented to a total of 14 people. The combined floor space of 4 floors is 4008 sq ft (372 sq m); the double car garage has 500 sq ft (46 sq m); the double corner lot has 4500 sq ft (418 sq m).

Homework:

This multi-use Modesta Lodge on Villa is located in the City Of Thunder Bay’s north core; one of first city’s well-established neighborhoods first surveyed in 1871. Back then this neighborhood was known as Prince Arthurs Landing. Currently, houses and buildings are within a framework of mixed zoning and within close proximity of businesses, single family residences, multi-family dwellings, Government Institutions, commercial and industrial complexes and Grain Elevators known throughout the world for their enormous size near the waterfront of the northern tip of Lake Superior. The Marina Park waterfront is undergoing a major 120 million dollar development, which started back in 2009 to be completed soon. I would think that this waterfront development will add value to the business of the lodge on Villa. The Modesta Lodge on Villa has been retrofitted to meet local building codes and municipal licensing requirements; as well, is modified with other important ergonomic safety features.

Optional as a Victorian home with 10 bedrooms:

The Modesta Lodge on Villa can be converted back to the original 10 bedroom house of years ago, facilitating a large extended single family. This would enable the new owner to install internal connecting stairways or go back to the original ones.

I invite all potential buyers (big or small players) to get in touch with me regarding the purchase of the Modesta Lodge on Villa Street.

Sale Price

$499,900.00 / USD*
*Due to ongoing renovations, sale price may be subject to change without notice.
[current as of 09/27/2014]

Leasing

For more detailed information, please contact me.

Options

Willing to renovate to suit the new owner.
Co-Ownership also considered.
Ask for more detail.

Future Development


Click Here For Info