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:56069)
| Business Type | Accommodation |
| Business Sub Type | Motel |
| Name | Bay Lake Inn |
| MLS® Number | T10929364 |
| Property Type | Business |
| Amenities Near By | Highway |
| Parking Space Total | 25 |
| Appliances | Furniture, Microwave, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Highway |
| Size Depth | 264 Ft |
| Size Frontage | 132 Ft |
| Size Irregular | 132 X 264 Ft |
| Size Total Text | 132 X 264 Ft |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/27683691/35-main-street-n-latchford
Contact us for more information
Manish Rawal
Salesperson
(866) 530-7737
Scheila Rawal
Salesperson
(866) 530-7737
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