374100 11B Cobalt, Coleman | Image 1

374100 11B Cobalt

Coleman

  • Commercial

$X,XXX,XXX
For Sale

Added 1 year ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Cabins/Cottages

  • Zoning: CI Commercial To

  • Age: No Data

  • Taxes: 3300.93

  • MLS®#: T9277415

  • Days on Site: 402 Days

  • Added: Oct 11, 2023 (1 year ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: Berkshire Hathaway homeservices

Boasting 1000+ feet of shoreline with all exposures and approx. 13 acres on Gillies Lake in a town filled with history. Quiet, remote, with abundant wildlife, yet is located right off 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 $122,000.00 Expenses approx. $50,000.00. 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 and owner's suite. There is a 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! www.gillieslakecottages.com

Property

  • Status: Sale

  • Type: Cabins/Cottages

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Net Income: 71720

  • Area: Coleman

  • Availability Date: TBD

Inside

  • Bathrooms: 5

  • Washrooms: 5

Building

  • Heat Type: Forced Air

  • Green Verification Status: N

  • Water Supply Type: Sand Point W

  • Water Supply: Well

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: COLEMAN CON 5 S PT LOT 11 RP 54R3236 PART 3 PCL 13621SST GILLIES

  • Taxes: $3,301

  • Insurance Fee: 4400

Land

  • Cross Street: BETWEEN COBLAT AND H

  • Municipality District: Coleman

  • Parcel Number: 613850104

  • Sewer: Septic

  • Lot Frontage: 1425.6 Feet

  • Zoning: CI Commercial To

Commercial Specific

  • Total Area: 6500

  • Survey: N

  • Business/Building Name: Gillies Lake Cottages

Map of 374100 11B Cobalt, Coleman
JK-3

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Timiskaming District Secondary School

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$X,XXX,XXX
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