$3,800,000
Available - For Sale
Listing ID: T12179233
50 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane
| 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. |
| Price | $3,800,000 |
| Taxes: | $56876.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner |
| Address: | 50 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane |
| Postal Code: | P0L 1C0 |
| Province/State: | Cochrane |
| Directions/Cross Streets: | Highway 11 at Cochrane junction |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Total Area: | 0.00 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Business/Building Name: | TRAVEL INN COCHRANE |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 24 |
| Employees #: | 4 |
| Seats: | 0 |
| Washrooms: | 43 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Cochrane |
| Municipality: | Cochrane |
| Neighbourhood: | Cochrane |
| Tax: | $56,876 |
| Baths: | 43 |
| Fireplace: | N |
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