112 King st - Hospitality FOR SALE


Palmerston, ON N0G 2P0
$6,000,000 CAD
437-476-2231
112 King st, Palmerston, ON for Sale
$6,000,000 CAD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

112 King st
Palmerston, ON N0G 2P0


HIGHLIGHTS

  • King Hotel features 33 renovated guest rooms, eight room styles, event space, a gym, and three apartments on a 3.50-acre lot in the town of Minto.
  • Value-add opportunity with a 20-room expansion site plan approved, full municipal services, and a scalable platform supporting cash flow and growth.
  • High-visibility Main Street location with pylon signage, across from Tim Hortons and LCBO, and quick access to Line 93 and regional road networks.
  • Positioned in a growing small-town market near Kitchener, Guelph, and Stratford, supported by population growth and tourism demand.

OVERVIEW

King Hotel, located at 112 King Street, offers a hospitality investment set on approximately 3.50 acres in the growing town of Minto. This established hotel offers 33 spacious, newly renovated guest rooms across eight distinct room styles, including luxury suites, kitchenette accommodations, and family-oriented layouts, complemented by an 80-person event room, a fully equipped gym, guest laundry facilities, and a welcoming lobby. Three on-site residential apartments, one newly built luxury two-bedroom unit, and two recently renovated two-bedroom units provide additional income streams and operational flexibility. With a 20-room expansion site plan already approved and full municipal services connected, the King Hotel delivers immediate cash flow with value-add potential for future growth, positioning it as a scalable hospitality platform in a supply-constrained regional market. Strategically located right off Main Street (Line 93) with prominent pylon signage, the King Hotel benefits from excellent visibility and accessibility. The asset sits directly across from national retailers Tim Hortons and LCBO. Palmerston offers efficient road connectivity to surrounding destinations, including Kitchener, Stratford, Blyth, and Drayton within approximately 35 minutes, while Guelph is reachable in about 45 minutes and the Kitchener-Waterloo region in under an hour. Toronto Pearson International Airport is approximately 1.5 hours away, with London, Ontario, just one hour south. Local infrastructure further supports demand, including an in-town hospital with a heliport, a retirement home, a high school, and ongoing residential development. Palmerston’s distinct small-town character, rooted in its celebrated railway history and highlighted by attractions such as the Palmerston Railway Heritage Museum, Lions Heritage Park, community events, trails, and a local theatre, continues to attract leisure travelers. The town has experienced population growth of approximately 13.9% over the past five years, signaling rising demand for lodging, services, and extended-stay accommodations. Supported by the Minto Means Business initiative and ongoing residential construction, the local market reflects a pro-growth environment for hospitality and tourism-oriented assets. The King Hotel stands out as a turnkey operation with upside from expansion, diversified revenue streams, and a strategic location that serves business travelers, event guests, and leisure visitors.

FOR SALE DETAILS

PRICE

$6,000,000 CAD

PRICE/SF

$278 CAD /SF

# OF ROOMS

33

PRICE/ROOM

$181,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

51

LAND DETAILS

LAND ACRES

3.83 AC

LAND SF

166,835 SF

ZONING

Commercial

APN/PARCEL ID

234100001305550

ASK ABOUT THIS PROPERTY

Avtar SandhuRoyal LePage Grand RealtyMore Info
437-476-2231

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Avtar SandhuRoyal LePage Grand RealtyMore Info
437-476-2231

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.