374100 Highway 11B, Coleman | Image 1

374100 Highway 11B

Coleman

  • Commercial

$1,290,000
For Sale

Added 6 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Cabins/Cottages

  • Zoning: CI Tourist Comme

  • Age: 0-5 years

  • Taxes: 3300.96

  • MLS®#: X7211822

  • Days on Site: 176 Days

  • Added: Oct 12, 2023 (6 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

Boasting 1000+ feet of shoreline with all exposures on approx. 13 acres on Gillies Lake in a town filled with history. Quiet, remote, with abundant wildlife, yet is located right off of 11B highway and within 15 minutes from the Lakefront towns of Haileybury & New Liskeard, on the Timiskaming shores. An established business is being sold with the property consisting of 5 renovated (2019) 4-season cottages with bookings all year. Guests include holidaymakers, nature enthusiasts, and longer-term stays for trades and construction people working in the area. Gross income last fiscal year approx $122,000. Expenses approx. $50,000. There is an RV site with 14 stalls and two boat launches. Additional structures are being upgraded for additional income streams. Beautiful site to build an owner's suite. There is potential to utilize the RV stalls as glamping areas or construct additional cabins. Those with landscaping skills could transform this property from something special to amazing!

Extras

Year-round activities. Hiking. Swimming. Boating. Rock climbing. Shopping. Theatre. Dining. Directly on snow mobile trails. Ice Fishing. Cross-country skiing. ATV trail. Downhill skiing & snowboarding 20 minutes away.

Property

  • Status: Sale

  • Type: Cabins/Cottages

  • Property Type: Investment

  • Property Type: Accommodation

  • Age: 0-5

  • Net Income: 71720

  • Area: Coleman

  • Availability Date: TBD

Inside

  • Bathrooms: 5

  • Air Conditioning: N

  • Washrooms: 5

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Elec Forced Air

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply Type: Dug Well

  • Freestanding: Y

  • Water Supply: Well

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2023

  • Tax Legal Description: See mortgage comments

  • Taxes: $3,301

  • Expenses: Est

  • Insurance Fee: 4415

  • Operating Fees: 10000

  • Hydro Expense: 17000

  • Heat Expenses: 3000

  • Other Expenses: 4000

  • Taxes Type: Annual

  • Taxes: 3301

  • Tax Year: 2022

Land

  • Cross Street: In Between Cobalt An

  • Municipality District: Coleman

  • Parcel Number: 613850104

  • Sewer: Septic

  • Lot Frontage: 1425.6 Feet

  • Lot Irregularities: Lot Irregular

  • Zoning: CI Tourist Comme

Commercial Specific

  • Total Area: 700698

  • Total Area Metric: Sq Ft

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Major Highway

  • Days Open: 7

  • Crane: N

  • Lot Code: Lot

  • Vacancy Allowance: 30

  • Business/Building Name: Gillies Lake Front Cottages

  • Gross Income/Sales: 122000

  • Estimated Inventory Value: 50000

Map of 374100 Highway 11B, Coleman
JK-3

École catholique Sacré-Coeur (New Liskeard)

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École catholique Paradis-des-Petits

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Saint Patrick Separate School

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École catholique Sainte-Croix

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English Catholic Central School

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École secondaire catholique Jean-Vanier

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Kirkland Lake District Composite Secondary School

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Timiskaming District Secondary School

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$1,149,000
  • 0 bath
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