$999,000
Available - For Sale
Listing ID: X12519530
127 Front Street , Spanish, P0P 2A0, Algoma
| 15 Renovated Room + 1 Apt for the Operator. 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 town of Spanish 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 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, selling as is - extra income potential for the right buyer if decides to runs the restaurant and bar), Plus 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 sides of the property, the front side and the back side of the property as well. Customer's room access are also on the both side of the property. |
| Price | $999,000 |
| Taxes: | $11196.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 127 Front Street , Spanish, P0P 2A0, Algoma |
| Postal Code: | P0P 2A0 |
| Province/State: | Algoma |
| Legal Description: | PLAN M42 LOTS 11 TO 13 PLAN 17 BLK A LOT |
| Directions/Cross Streets: | Front St & John St in Spanish, ON |
| 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | T |
| Total Area: | 2.08 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Business/Building Name: | SPANISH RIVER INN |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 9am to |
| Employees #: | 1 |
| Seats: | 50 |
| Washrooms: | 18 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Algoma |
| Municipality: | Spanish |
| Neighbourhood: | Dufferin Grove |
| Tax: | $11,196 |
| Baths: | 18 |
| Fireplace: | N |
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