50 - 52 Highway 11 N/A, Cochrane, ON Image 1

$4,500,000

Investment For Sale
MLS - #T12140454
May 22- By CENTURY 21 PEOPLE`S CHOICE REALTY INC.

50 - 52 Highway 11 N/A, Cochrane, ON P0L 1C0

Bed
48 Bath
6.04 Sqft.
Outside/Surface Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

6.04 Sqft

About 50 - 52 Highway 11 N/A

Priced to sell, Motel and Restaurant businesses with land - A well maintained 43 ROOM MOTEL with 2 Apartments for the Owner/Manager & Staff to stay. Additionally, the property has a Restaurant (established 2 4 1 PIZZA with Liquor licence + extra space for adding another food franchise - used to have Quesada in the past) Total Area 6 ACRES, great potential for future development. 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 City due to flood, fire, storm etc. Employees run both businesses and both are profitable with the future potential to grow even more profit for the right buyer to add another food franchise beside the 2 4 1 Pizza. The motel was operating as Thriftlodge franchise until 2024. ***** OPTION for the BUYERS: The buyer can ONLY buy a Separate Restaurant Building along with existing 2 4 1 Pizza and 3 attached kitchenette Motel Rooms (see pictures) at a reasonable market price. Then the seller will sell remaining 40 Room Motel to another buyer by severance the land parcel.

Home Overview

Last updated

May 22

Virtual tour

None

Basement information

Building size

6.04

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Hot Water
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
450000000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Map loading...
Walking Icon

Walk Score for 50 - 52 Highway 11 N/A

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$17186.95/ month

Some information about this property - Highway 11 N/A

Default Agent

Book a Showing

Tour this home with Angela

I agree to receive marketing and customer service calls and text messages from Condomonk. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.