34 Main St , Latchford, ON P0J
Latchford, ON P0J
Description
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.
Details
| Mls | T10929364 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | New |
| Days On Site | 18 |
| Listing Provided By | EXP REALTY | Not Provided |
Features
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Learn More About This Property
| State | ON |
|---|---|
| County | Timiskaming |
| City | Latchford |
| Zip Code | P0J |
| Listing VS Median (in P0J) | |
Price: $1,175,000 low | high Med: $1,525,000 On Site: 18 low | high Med: 22.000000 | |