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Property For Sale Or Rent: Apart-Hotel/Rentals (Complex)

Canada, Ontario

Northern Ontario
Ontario
Canada

Property for sale: $1,300,000 CAD (Financing Available)

Apart-Hotel/Rentals For Sale in Northern Ontario, Ontario Canada

This is a unique opportunity consists of two buildings, first an INN with 20 modern and fully renovated rooms with sauna and hot tub within the property, rooms are with two double beds, some are kitchenettes and are fully equipped with brand new TVâ€™s, air-conditions, cable TV, fridges, alarms, phone system with call accounting and front desk reservation system for long distance calls, property

This is a unique opportunity consists of two buildings, first an INN with 20 modern and fully renovated rooms with sauna and hot tub within the property, rooms are with two double beds, some are kitchenettes and are fully equipped with brand new TVâ€™s, air-conditions, cable TV, fridges, alarms, phone system with call accounting and front desk reservation system for long distance calls, property is a beautiful solid brick construction and is fully upgraded in 2005. Attached to the property is three bedroom fully equipped and modern house with fireplace and overlooking the lake. This property is built like a FORT and has three furnaces, two run on oil and one standby electric for a hot water radiator heating system.

The property is on the main street in the town, huge parking and approved plans for extension up to another 10-15 rooms. Situated on a lake is a year round business, the busiest season is from January to March for snowmobiles, most of the customer are from USA, summer fishing, ATV tourism, moose hunting and bear hunting keeps us busy throughout the summer and fall. Town is located at the HUB of all snowmobile and ATV trails in the Northern Ontarioâ€™s wilderness. Best lakes around where one can fish everyday in a new location. This is a great opportunity for someone who wants to leave the stress of big city and opt for a quality of life.

Second property is 15,000 square feet on the main floor with 250 seats fully renovated restaurant in 2005 and 150 seats bar and over 400 capacity banquet halls.

The second floor is 25% built area and is expandable to add more units, however presently have 10 apartments ranging from one bedroom to 4 bedrooms and are all fully rented at an average 5000/month rental income.

Owner will assist in financing with adequate cash down and will also help the new buyer with complete training for a smooth transition. Present owner has owned it for 6 years and the place has a long history of a successful operation. YOU will be among the largest property owners in the area and do not have any competition. Town has a 600 employees forest products company and an operational gold mine with around 100 employees. GREAT opportunity for the right person or a semi retired couple. Visit our websites to get more info on the town and amenities or call me for details.

This opportunity is for a serious and qualified buyer; agents need not bother without an offer based upon the basic financial information. The CA will provide detailed info to the qualified and serious buyer.

Properties can be bought as a share sales or asset purchase. Yearly gross revenue is around 1 million plus the rental income of around 5000/month. Financial statements will be available for qualified buyers. FOR OVERSEAS PARTIES WE CAN HELP IN IMMIGRATION APPLICATION PROCESS AS A BUSINESS INVESTOR IMMIGRATION OR ENTERPREANUR CATEGORY. Will also consider a property exchange.

Too many details cannot be mentioned in this page... contact us for further opportunity for the right investor.

Property Summary

Offered by		Owner
Construction Year		1987
Area		18,000 Sq. Ft
Features		Furnished, Appliances, Laundry Room, Studio Room, Balcony, Terrace, Patio, Cable TV, Lake View, Mountain View, Lake Waterfront, Included In The Property Is A Three Bedroom Modern House With Fire Place And All Aminities For The Owner/Manager Overlooking The Magpie River And Lake.,