35 Main Street North, Latchford | Image 1

35 Main Street North

Latchford

  • Commercial

$1,050,000
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 6250

  • MLS®#: X8195550

  • Days on Site: 6 Days

  • Added: Apr 02, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX GOLD REALTY INC.

Good Running Business Located in the Heart of fishing, hunting and tourist area, 18 Rooms Motel with 2-Separate apartments(2 bedrooms & 3 Bedrooms) renting from $100 to $165/night ,Motel has no competition in business in the area .Competing Market Is New Liskeard Town (20 Min drive to North). This Motel also have Separate 2 bedroom Manager accommodation. There is year-round business in this region especially for the motel being right on Highway 11.The Motel is about1.5 km from Burns Hiking Trail and 4 km from W.J.B. Greenwood Provincial Park Timiskaming Nordic Ski-Club is 10 km away. Extra Lot At Back To Expand Business. About 40% of business comes from online portals such as Expedia, Booking.com & Airbnb, and the balance 60% of the business is direct, corporate& repeat customers., Restaurant Business has very good potential, The motel had a decent amount of Revenue coming from the Kitchen that served in-house guests. Almost 60% of our customers are repeat/regulars for the last 6-8 years

Extras

All Electric Light Fixtures attached, chattels, furniture, security, cameras, AC

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: Latchford

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Elec Forced Air

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Double Detached

  • Covered Parking Spaces: 25

  • Trailer Parking Spots: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: PL M57NB; COLEMAN; LATCHFORD

  • Taxes: $6,250

  • Taxes Type: Annual

Land

  • Cross Street: Highway 11/Bradley A

  • Municipality District: Latchford

  • Sewer: San+Storm

  • Lot Depth: 264 Feet

  • Lot Frontage: 132 Feet

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 1

  • Retail Area: 100

  • Retail Area Metric: %

  • Total Area: 34648

  • Total Area Metric: Sq Ft

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: Y

  • LLBO: N

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