$395,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 0 x 626 ft

35 Spruce Ave
Vermilion Bay, ON P0V 2V0

Here's your chance to become a part of history! The Bayview Hotel in Vermilion Bay, Ontario, holds a significant place in the local history of the community. Established in the early 1900s, the hotel originally served as a stopping point for travellers and loggers exploring the vast wilderness of Northwestern Ontario. Over the years, the Bayview Hotel evolved into a hub of social activity, hosting events, gatherings, and providing accommodation for visitors to the area. With its picturesque location overlooking Eagle Lake, the hotel became a popular destination for tourists seeking relaxation and natural beauty. You can now enjoy owning and operating this fully licensed lounge with a bar and dance floor. In the main building there is a one bedroom apartment on the main floor and 3 one bedroom apartments and a bachelor apartment on the second floor. The 5 Unit Motel next to the main building has been renovated into 4 one bedroom apartments for extra added income.Laminate flooring in the bar replaced in 2018. High efficiency furnace upgrades also completed in 2018. Other upgrades include a new Hot Water tank in 2024, shingles in 2012 and an upgraded fire alarm system. Must be seen to be appreciated. Call to day and make your appointment to view! (id:47423)

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Listed By RE/MAX NORTHWEST REALTY LTD.
Data Provided By Thunder Bay Real Estate Board
MLS® Listing Number TB242194
Last Updated Jul 15, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Community Vermilion Bay
Price History
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Detailed Information
Lot 0 x 626 ft
Communication Type High Speed Internet
Features Office space
Listing Contract Date 2024-07-15
Location Description South off Highway 17 in Vermilion Bay onto Spruce Ave.
Municipal ID 420730329, 420730330, 420730331
Property Type Business
Structures Workshop
Transaction Type For sale
Business
Business Type Accommodation
Business Subtype Hotel/motel
Building
Age over 26 years
Amenities Living Accommodation, Street Lighting
Basement Type Full
Exterior Finish Stucco
Foundation Type Poured Concrete
Heating Fuel Electric, Natural gas
Heating Type Baseboard heaters, Forced air
Utility Water Municipal water
Parking Spaces
Name Spaces
Other
Gravel
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size 3.96 acres
Access Type Road access
Acreage Yes
Sewer Septic System
Size of Irregular Land 3.96

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