The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Incredible opportunity for an investor looking for a well-established property with plenty of upside. The Flamingo Motel has a long history of providing travellers, workers and longer-term guests with an affordable and welcoming place to stay in Chatham.The property currently operates with 14 motel rooms, along with a spacious attached residence featuring four bedrooms, three full bathrooms, a kitchen and a living room. The residence offers flexibility for an owner-operator, on-site manager or staff accommodations. Subject to municipal approval, a buyer may also wish to explore options for creating additional rentable suites or reconfiguring portions of the property to increase its income potential.The building has benefited from several important updates, including most windows, a newer roof, an updated fire alarm system and renovations to three of the motel units. The existing layout provides a solid foundation for a new owner to continue operating the business while updating additional rooms over time.Located in Chatham, the property is well positioned to serve guests travelling through Southwestern Ontario, as well as contractors, seasonal workers, families and visitors requiring short- or longer-term accommodations. Chatham is a growing regional centre with convenient access to Highway 401, shopping, restaurants, healthcare, recreation and a diverse local economy supported by agriculture, manufacturing and service industries.Whether you are looking for an owner-operated business, an income-producing property or a value-add investment, the Flamingo Motel offers a rare combination of existing operations, on-site living accommodations and future potential. Property and business are being sold together. Buyers are responsible for completing their own due diligence regarding zoning, licensing, permitted uses and any future renovations or additional units.
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Age Groups
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,440/mo
Mortgage (principal + interest)$3,292
Property taxFrom listing: $13,781/yr$1,148
Minimum $62,990 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$175,980
Ontario land transfer taxProvincial brackets, no first-time refund$14,073
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$192,853
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Chatham-Kent has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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