35 Main Street North, Latchford | Image 1

35 Main Street North

Latchford

  • Commercial

$1,175,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 8973.67

  • MLS®#: T10929364

  • Days on Site: 80 Days

  • Added: Nov 25, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

Featuring a motel situated in a location like no other. Located in the heart of fishing, hunting and year round tourism. This prime location fronting on highway 11 comes with multiple business expansion opportunities. Excellent opportunity for a buyer looking to improve or expand an existing business. The motel features 18 rooms with 2 separate apartments(2 bedrooms & 3 Bedrooms) one of which can be an owners suite. Daily room rents range from $100 to $145/night. 2 min walk to Bay Lake which offers a great fishing experience, children's play area & BBQ pits close by. Area offers year round activities like fishing, hunting and snowmobile trail in the area which generates year round business. The Motel is about 1.5 km from Burns Hiking Trail and 10 min drive from Town of Cobalt known for its silver mines featuring various summer attractions. Timiskaming Nordic Ski Club is 10 km away. About 30-40% of business comes from online portals such as Expedia, Booking.com & Airbnb, and the balance about 60-70% of the business is direct, corporate & repeat customers. **EXTRAS** Existing cafe can be converted to a restaurant. Extra Lot behind the motel included in the purchase price and can be used to expand the motel or create additional amenities for the motel.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: Latchford

  • Availability Date: TBA/Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Double Detached

  • Covered Parking Spaces: 25

  • Trailer Parking Spots: 4

Fees

  • Tax Year: 2024

  • Taxes: $8,974

  • 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

Additional Media

  • Virtual Tour: https://youtu.be/Qm8ywWn1Qqk

Commercial Specific

  • Number of Employees: 1

  • Retail Area: 650

  • Retail Area Metric: Sq Ft

  • Hours Open: 8am-10p

  • Area Influence: Major Highway

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Business/Building Name: Bay Lake Inn

  • Financial Statement: Y

  • LLBO: N

See 3D Tour of 35 Main Street North, Latchford
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Map of 35 Main Street North, Latchford
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