$1 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 132 x 264 ftTotal Area: 34,649 ft2
2024 Taxes: $9,000

35 Main St N
Latchford, ON P0J 1N0 | Timiskaming

Bay Lake Inn Motel aka Frontiersman Motel, is located close to Bay Lake in Latchford, the heart of fishing, hunting and tourist area. Motel has 17 rooms, a 2 bedroom and a 3 bedrooms Apartment with manager's accommodation as well. Room charges range from $110 to 165 per night. There is no other competition in this area. Nearest Motel is 30 Kms South or North. There is year-round business with activities like Fishing, Boating and ATV in Summer, Moose & Bear hunting in Fall, Snow mobiling and Ice Fishing in the winter and contract workers in Spring and Summer in this region ,especially as Motel is Located right on Trans-Canada highway 11,There are Plenty of tourist attractions like the Silver Mines in nearby Cobalt, Burns Hiking Trail, the Devils Rock peak, Temiskaming Nordic Ski Club is about 10 km aw. A large vacant lot at the back can provides opportunity to expand business. About 40% of the business come from online portals And the balance, 60% of the business is direct ,corporate, repeat customers.

Extras
On site kitchen that serves in house guests, generates a decent amount of revenue. There are no restaurant in the vicinity and thus a great opportunity to further expand the kitchen to cater to highway drive in customers for food.

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Listed By RE/MAX GOLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number T9371923
Last Updated Sep 27, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Category With Property
Legal Description PL M57NB; COLEMAN; LATCHFORD
Occupancy Owner
Possession Date flexible
Taxes (2024) $9,000
Tax Type Annual
Directions/Cross Streets Highway 11/Bradley Ave
Area Timiskaming
Price History
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Detailed Information
Freestanding Y
Lot 132 x 264 ft
Retail Area 100 percent
Total Area 34,649 ft2
Elevator None
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Double Detached
Parking Spaces 25
# Trailer Parking Spots 4
Days Open 7
Hours Open 24 Hour
LLBO N
Employees 1
Financial Statement Y
Sewers Sanitary
Utilities A
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning Commercial
Seller Property Info Statement N

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