Description
Well maintained 40 ROOM MOTEL with 2 APARTMENTS for the Owner or Manager to stay. The Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (equally busy in the winter months). Cochrane town is fast developing with many new businesses established in past few years. Current owners have been successfully managing this property since 2019. Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees through the local city office due to flood, fire, storm etc. happening in the seasons up in northern Ontario. Last 3 years Average ROOM REVENUE is about $850,000 - Absentee Owner - Great investment opportunity for the New Buyer.
Details
| MLS # | T12179233 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 26 |
| Listing Provided By | CENTURY 21 PEOPLE`S CHOICE REALTY INC. | T12179233 059504 |
Features
| Bath(s) | 43 |
|---|
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway |
|---|
Taxes
| Property | 56876 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Cochrane |
| City | Cochrane |
| Postal Code | P0L |
| Area | Cochrane |
| Listing VS Median (in P0L) | |
Price: $3,800,000 low | high Med: $4,500,000 On site: 26 low | high Med: 43.000000 | |