Price ChangeFor Sale

127 Front Street
Spanish, Algoma, ON, P0P 2A0

Sale Of Business
TRREB
MLS® Number: X12098586
$1,399,000List Price
Sale Of BusinessProperty Type
2.08 acresSize
$11,196 / 2024Taxes (Annual)
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PRICE CHANGED
$1,399,000
Previously Listed For:
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Property Location

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Listing History

Buy/sell history for 127 Front Street, Spanish, ON P0P 2A0

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Description

14 Room + 2 Apt (1bedroom, living room, Kitchen & bathroom) Indoor Corridor Motel. Spent thousands of dollars on recent Renovations and Upgrades. Year-round profitable business and easy ONE-MAN operation, very comfortable to manage and maintain in the winter months due to the indoor corridor. The motel is located (about 30 min from Espanola, 1 hour west of Sudbury and 5 hours north of Toronto) Right on Trans Canada Hwy 17 in the Spanish town with NO other motels in the town, No competition. The Snow Mobile Trail located right at the back of the motel. Great customer base, mainly Workers and Staff from the different companies/industries and tourist in the summer and fall months. Motel has a good demand for Weekly & Monthly occupancy in the winter months. The Motel has an in-house Restaurant and Bar (however restaurant and bar had NOT been in operation - extra income potential for the right buyer if decides to runs the restaurant and bar), It has an additional Entertainment/Party area as well (possibilities of adding more motel rooms or kitchenette apartments). Absentee Owner, this business is an ideal opportunity for the Owner Operator to enjoy a semi-retired and less expensive northern Ontario's lifestyle, work limited hours and still make very good NET INCOME in the pocket after paying off mortgage and all operating costs. Total Lot Size: about 2.08 Acres. Property has Municipal Water and Sewer (No Septic or Well). Huge Circular driveway right on Hwy 17 and Car Parking on both side, the front and the back side of the property as well.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$11,196 / 2024
Listing #:X12098586
Property Type:Sale Of Business
Size:2.08 acres
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
Municipality:Algoma

Building

Size:2.08 acres

Inside

Bedrooms:0
Bathrooms:18
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:Front St & John St in Spanish, ON

$1,399,000

List price

127 Front Street, Spanish – Sale Of Business for sale · MLS® # X12098586 | CPRB