374100 11B Cobalt , Coleman, ON P0J 1C0

Boasting 1000+ feet of shoreline with all exposures and approx. 13 acres on Gillies Lake in a town filled with history. Quiet, remote, with abundant wildlife, yet is located right off 11B Highway and within 15 minutes from the Lakefront towns of Haileybury & New Liskeard, on the Timiskaming Shores. An established business is being sold with the property consisting of 5 renovated (2019) 4-season cottages with bookings all year. Guests include holidaymakers, nature enthusiasts, and longer-term stays for trades and construction people working in the area. Gross income last fiscal year approx $122,000.00 Expenses approx. $50,000.00. There is an RV site with 14 stalls and two boat launches. Additional structures are being upgraded for additional income streams. Beautiful site to build and owner’s suite. There is a potential to utilize the RV stalls as glamping areas or construct additional cabins. Those with landscaping skills could transform this property from something special to amazing! www.gillieslakecottages.com