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$1,399,000
Available - For Sale
Listing ID: X12098586
14 Room + 2 Apt (1bedroom, living room, Kitchen & bathroom) Indoor Corridor Motel. Spent thousands of dollars on recent Renovations and Upgrades. Year-round profitable business and easy ONE-MAN operation, very comfortable to manage and maintain in the winter months due to the indoor corridor. The motel is located (about 30 min from Espanola, 1 hour west of Sudbury and 5 hours north of Toronto) Right on Trans Canada Hwy 17 in the Spanish town with NO other motels in the town, No competition. The Snow Mobile Trail located right at the back of the motel. Great customer base, mainly Workers and Staff from the different companies/industries and tourist in the summer and fall months. Motel has a good demand for Weekly & Monthly occupancy in the winter months. The Motel has an in-house Restaurant and Bar (however restaurant and bar had NOT been in operation - extra income potential for the right buyer if decides to runs the restaurant and bar), It has an additional Entertainment/Party area as well (possibilities of adding more motel rooms or kitchenette apartments). Absentee Owner, this business is an ideal opportunity for the Owner Operator to enjoy a semi-retired and less expensive northern Ontario's lifestyle, work limited hours and still make very good NET INCOME in the pocket after paying off mortgage and all operating costs. Total Lot Size: about 2.08 Acres. Property has Municipal Water and Sewer (No Septic or Well). Huge Circular driveway right on Hwy 17 and Car Parking on both side, the front and the back side of the property as well.
Price $1,399,000
Taxes: $11,196
Tax Type: Annual
Occupancy by: Owner
Address: 127 Front Stre , Spanish, P0P 2A0, Algoma
Postal Code: P0P 2A0
Province/State: Algoma
Legal Description: PLAN M42 LOTS 11 TO 13 PLAN 17 BLK A LOT
Directions/Cross Streets: Front St & John St in Spanish, ON
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: With Property
Use: Hotel/Motel/Inn
Building Percentage: T
Total Area: 2.08
Total Area Code:  Acres
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Business/Building Name: SPANISH RIVER INN
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 9am to
Employees #: 1
Seats: 60
Maintenance: 0
Heat Type: Baseboard
Central Air Conditioning: Yes
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CENTURY 21 PEOPLE`S CHOICE REALTY INC.

127 Front Stre , Spanish, P0P 2A0, Algoma


 
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Type: Com - Sale Of Business
Area: Algoma
Municipality: Spanish
Neighbourhood: Dufferin Grove
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Tax: $11,196
Maintenance Fee: $0
Beds: 0
Baths: 18
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Fireplace: N
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