$3,800,000

Sale Of Business For Sale
MLS - #T12179233
May 28- By CENTURY 21 PEOPLE`S CHOICE REALTY INC.

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

Bed
43 Bath
Outside/Surface Garage

Property Description

Property type

Sale Of Business

Lot size

N/A

Style

Approx. Area

N/A Sqft

About 50 Highway 11 N/A

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.

Home Overview

Last updated

May 28

Virtual tour

None

Basement information

Building size

--

Status

In-Active

Property sub type

Sale Of Business

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
380000000.0%
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

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Walk Score for 50 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$14513.42/ month

Some information about this property - Highway 11 N/A

Default Agent

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