35 Main N St, Latchford, Ontario P0J 1N0

  • $1,200,000
35 Main N St, Latchford, Ontario P0J 1N0
Active
35 Main N St, Latchford, Ontario P0J 1N0
  • $1,200,000

Overview

Property ID: X8042038
  • Commercial Sale, Business
  • Property Type
  • 34648.99
  • Sqft

Description

Located in the heart of fishing, hunting and tourist area, This 18 rooms Motel with 2 Separate apartments(2 bedrooms & 3 Bedrooms) renting from $100 to $165/night ,Motel has no competition in business in the area .Competing Market Is New Liskeard Town (20 Min drive to North).There is year-round business in this region especially for the motel being right on Highway 11.The Motel is about 1.5 km from Burns Hiking Trail and 4 km from W.J.B. Greenwood Provincial Park Timiskaming Nordic Ski Club is 10 km away. Extra Lot At Back To Expand Business. About 40% of business comes from online portals such as Expedia, Booking.com & Airbnb, and the balance 60% of the business is direct, corporate & repeat customers., Restaurant Business has very good potential, The motel had a decent amount of Revenue coming from the Kitchen that served in-house guests. Almost 60% of our customers are repeat/regulars for the last 6-8 years.

  • Address 35 Main N St
  • City Latchford
  • State/county Ontario
  • Zip/Postal Code P0J 1N0

Details

Updated on March 21, 2024 at 5:33 pm
  • Property ID: X8042038
  • Price: $1,200,000
  • Property Size: 34648.99 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: X8042038

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