50 Highway 11, Cochrane, ON P0L 1C0

Cochrane P0L 1C0 Ontario

MLS: T12179233

$3,800,000

Added 6 days ago | For Sale

Listed by: CENTURY 21 PEOPLE`S CHOICE REALTY INC.

About Property

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.

Features

  • House Style:Sale Of Business
  • Bathrooms:43
  • Land Size:
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Highway 11 at Cochrane junction
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $56876
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:T12179233

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