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$ 799,000
Est. payment /mo
New
5216 HWY 551, Providence Bay, N/A Central Manitoulin, ON P0P 1T0
14 Baths
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $799,000
MLS Listing ID X12246003
Annual Tax Amount $7,130
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Price to Sell - Huron Sands Motel and Restaurant, A beautiful and well-maintained property in MANITOULIN ISLAND, a world's largest freshwater island and a well known tourist destination in Northern Ontario. The property consists of 10 Motel Room + 2 Additional Room (for Staff) + 2 Bedroom Owner's Apartment + One fully furnished Trailer + Restaurant + Huge Storage Area. It's situated on about 1.926 Acres of land and just minutes away from the beautiful Providence Bay Beach and 1.5 hrs. from Espanola, 2 hrs. from Sudbury and 20 min to South Baymouth Ferry Terminal (Ferry to Tobermory). Motel and Restaurant both businesses are making excellent profit, YEAR-ROUND OPERATION. Motel has a Canada Post office paying Monthly Rent. Motel also has an Electric Vehicle Chargers. Many many upgrades and renovations have been done in the past few years. Great investment opportunity OR ideal for the buyer family to move in and run both profitable businesses.
Location
Province ON
County Manitoulin
Area Manitoulin
Zoning Commercial - Motel & Restaurant
Interior
Cooling Yes
Inclusions All existing chattels in Motel Rooms and Restaurant - A full list of chattels and equipment included in Motel and Restaurant will be provided after the offer acceptance.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.