NewFor Sale

50 Highway 11 S
Cochrane, Cochrane, ON, P0L 1C0

Sale Of Business
TRREB
MLS® Number: T12179233
$3,800,000List Price
Sale Of BusinessProperty Type
CochraneCommunity
$56,876 / 2024Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 50 Highway 11 N/A S, Cochrane, ON P0L 1C0

0 Transactions by CPRB Agents

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Description

Well maintained 40 ROOM MOTEL with 2 APARTMENTS for the Owner or Manager to stay. The Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (equally busy in the winter months). Cochrane town is fast developing with many new businesses established in past few years. Current owners have been successfully managing this property since 2019. Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees through the local city office due to flood, fire, storm etc. happening in the seasons up in northern Ontario. Last 3 years Average ROOM REVENUE is about $850,000 - Absentee Owner - Great investment opportunity for the New Buyer.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$56,876 / 2024
Listing #:T12179233
Property Type:Sale Of Business
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:CENTURY 21 PEOPLE`S CHOICE REALTY INC.

Rooms

Details

Property

Property Type:Sale Of Business
Community:Cochrane
Municipality:Cochrane

Inside

Bedrooms:0
Bathrooms:43
Kitchens:0
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Baseboard

Land

Cross Street:Highway 11 at Cochrane junction

$3,800,000

List price

50 Highway 11 S, Cochrane – Sale Of Business for sale · MLS® # T12179233 | CPRB