164 Mission RD, Wawa, Ontario, P0S1K0
MLS: SM260681 | Other
$1,285,000
Property Description
Opportunity meets timing in the heart of Wawa. The Algoma Motel is a well-established 16-room property known for its loyal clientele, welcoming atmosphere, and signature fresh daily muffins. Centrally located and owner-operated, this turnkey business offers strong foundations with ongoing updates already underway, including room improvements that position the property for continued growth. A standout feature of the property is the additional on-site retail space, formerly operated as a brewery and wine store, presenting an excellent opportunity for a variety of high-margin, low-overhead business uses with minimal staffing requirements. With increasing regional activity and economic expansion driven by mining and infrastructure development, the demand for short-term accommodations continues to strengthen. Offered with flexible purchase options (asset or share sale), this is an excellent opportunity for an investor or hands-on operator to step into a recognized business and build on its existing success in one of Northern Ontario’s evolving markets. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 14,580 sq ft (1,354.5 m²)
- Frontage: 122 ft (37.2 m)
Costs
- Annual Taxes: $17,888.00
Listing Provided by: Exit Realty True North
Board: Sault Ste. Marie Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Boiler, Propane
- Basement: Full
- Utilities: Electricity, Telephone
Exterior & Construction
- Exterior: Brick
- Foundation: Block
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 122 ft (37.2 m)
- Features: Office space, Energy Efficient
Community & Neighbourhood
- Building: Storefront, Living Accommodation, Street Lighting
- Neighbourhood: Wawa
Listing Information
Listing History
MLS listing activity for 164 Mission RD, Wawa, Ontario, P0S1K0 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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164 Mission RD, Wawa, Ontario, P0S1K0