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$3,800,000
Est. payment /mo
43 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Cochrane
MLS Listing ID T12179233
Annual Tax Amount $56,876
Tax Year 2024
Property Sub-Type Sale Of Business
Property 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.
Location
State ON
County Cochrane
Community Cochrane
Area Cochrane
Zoning Commercial - Motel
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Community Features Major Highway
Building
Lot Description Lot
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Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.