ON > Spanish
Spanish, ON P0P 2A0,127 Front ST
Spanish, ON P0P 2A0,127 Front ST
Spanish, ON P0P 2A0,127 Front ST
Spanish, ON P0P 2A0,127 Front ST
Spanish, ON P0P 2A0,127 Front ST
Spanish, ON P0P 2A0,127 Front ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 999,000
Est. payment | /mo

18 Baths

Save
$ 999,000
Est. payment | /mo
Save

18 Baths

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID X12519530

Annual Tax Amount $11,196

Tax Year 2024

Property Sub-Type Sale Of Business

Property Description

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.

Location

Province ON

County Algoma

Area Algoma

Interior

Cooling Yes

Exterior

Community Features Major Highway

Utilities Available Yes

Lot Frontage 277.83

Others

ParcelsYN No

Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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