35 Main Street N Latchford, Ontario P0J 1N0
$1,175,000
Featuring a motel situated in a location like no other. Located in the heart of fishing, hunting and year round tourism. This prime location fronting on highway 11 comes with multiple business expansion opportunities. Excellent opportunity for a buyer looking to improve or expand an existing business. The motel features 18 rooms with 2 separate apartments(2 bedrooms & 3 Bedrooms) one of which can be an owners suite. Daily room rents range from $100 to $145/night. 2 min walk to Bay Lake which offers a great fishing experience, children's play area & BBQ pits close by. Area offers year round activities like fishing, hunting and snowmobile trail in the area which generates year round business. The Motel is about 1.5 km from Burns Hiking Trail and 10 min drive from Town of Cobalt known for its silver mines featuring various summer attractions. Timiskaming Nordic Ski Club is 10 km away. About 30-40% of business comes from online portals such as Expedia, Booking.com & Airbnb, and the balance about 60-70% of the business is direct, corporate & repeat customers. **** EXTRAS **** Existing cafe can be converted to a restaurant. Extra Lot behind the motel included in the purchase price and can be used to expand the motel or create additional amenities for the motel. (id:49269)
Business
| BusinessType | Accommodation |
| BusinessSubType | Motel |
| Name | Bay Lake Inn |
Property Details
| MLS® Number | T10929364 |
| Property Type | Business |
| AmenitiesNearBy | Highway |
| ParkingSpaceTotal | 25 |
Building
| Appliances | Furniture, Microwave, Refrigerator |
| CoolingType | Fully Air Conditioned |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway |
| SizeDepth | 264 Ft |
| SizeFrontage | 132 Ft |
| SizeIrregular | 132 X 264 Ft |
| SizeTotalText | 132 X 264 Ft |
| ZoningDescription | Commercial |
https://www.realtor.ca/real-estate/27683691/35-main-street-n-latchford
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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 trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 26 2024 01:49:57
Toronto Real Estate Board
Exp Realty