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$3,800,000
Available - For Sale
Listing ID: T12179233
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.
Price $3,800,000
Taxes: $56,876
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner
Address: 50 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane
Postal Code: P0L 1C0
Province/State: Cochrane
Directions/Cross Streets: Highway 11 at Cochrane junction
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
Total Area: 0
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Business/Building Name: TRAVEL INN COCHRANE
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 24
Employees #: 4
Seats: 0
Maintenance: 0
Heat Type: Baseboard
Central Air Conditioning: Yes
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CENTURY 21 PEOPLE`S CHOICE REALTY INC.

50 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane


 
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Type: Com - Sale Of Business
Area: Cochrane
Municipality: Cochrane
Neighbourhood: Cochrane
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Tax: $56,876
Maintenance Fee: $0
Beds: 0
Baths: 43
Garage: 0
Fireplace: N
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