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$ 879,000
Est. payment | /mo
$ 879,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Tim - Latchford
MLS Listing ID T12921330
Annual Tax Amount $10,796
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
Positioned in a high-visibility, high-traffic corridor along Highway 11, this well-established motel offers a rare investment opportunity in a thriving four-season tourism destination. The property features 18 guest rooms with strong daily rental potential ranging from $100 to $145 per night. In addition, there are two self-contained apartments (one 2-bedroom and one 3-bedroom), ideal for owner occupancy, staff housing, or additional rental income streams.Located just a short 2-minute walk from Bay Lake, guests can enjoy excellent fishing, a family-friendly play area, and convenient BBQ facilities-making this a highly desirable stop for travelers and outdoor enthusiasts alike.Surrounded by year-round attractions, the area draws consistent traffic from fishing, hunting, and snowmobiling enthusiasts. Nearby highlights include Burns Hiking Trail just 1.5 km away, the historic town of Cobalt-famous for its silver mining heritage and summer tourism-only a 10-minute drive, and Timiskaming Nordic Ski Club just 10 km away.This property also presents significant upside potential. The existing café space offers an excellent opportunity for conversion into a restaurant, and the included additional lot behind the motel provides ample room for expansion-whether adding more rooms, recreational amenities, or other revenue-generating features.An ideal opportunity for investors or owner-operators looking to enhance and grow an already well-located hospitality business in a vibrant, tourism-driven region.
Location
Province ON
County Timiskaming
Area Timiskaming
Zoning Commercial
Interior
Cooling Yes
Inclusions All Motel rooms include existing: TV, Fridge, Microwave, Beds, Dresser, Mirror, Night Table, Coffee Maker, Bed Linen, Night Lamps. All Electric Light Fixtures, chattels, furniture, security, cameras, AC. ALL INCLUSIONS IN AS IS CONDITION.
Exterior
Parking Features Double Detached
Community Features Major Highway
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://www.youtube.com/watch?v=Qm8ywWn1Qqk
Lited by LPT REALTY
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