4133 HIGHWAY 101 W, Timmins (MTJ - Mountjoy Rural), Ontario, P4R0E7

Property Description

This profitable and turnkey hospitality property/business is located right on the main highway running through Timmins, Ontario. This well-maintained motel has 15 fully furnished guest rooms consisting of new mattresses throughout, each with a private bathroom, and with the majority offering full kitchenettes. With a two-story apartment right above, and a front office below at the main entrance, this property is a live/work set-up . All guests have ample parking together with the ability to park right in front of their room, bringing back the vintage motels back in the day. The property is just under one (1) km from the scenic Mattagami River, and the property offers the ability to hike right to it from the Motel. The atmosphere is quiet and secluded but close enough to town for guests to commute to the city while maintaining far enough from the city noise for a good night's sleep. The property generates a strong five-figure average monthly income (a six-figure yearly income), making it perfect for a first-time commercial buyer, seasoned veteran in the hospitality business, or an industrial company looking to house their workers year-round. The back of the property features 18 zoned lots previously used for mobile homes; however, it has the potential for future re development and expansion. Located in a high visibility location right off the highway, and offering an active clientele base with repeated visits year-round. This motel is an amazing opportunity to invest in with the ability to live at or hire personnel without having to worry about providing housing. This is a property that you do not want to miss out on! Electricity up to code 2023, Fire Alarm System up to code 2023, New Plumbing from Copper to Pex 2023, New Two Tankless Boiler Energy Saver and all heating pipes Pex, All Room Flooring 8mm Vinyl, Majority Brand New Windows 2023, All Double Curtains in Rooms, All Appliances (Mini Fridge, Microwave, Toaster, Lamp) And All Bedding 2023, All Roku SMART TVs. (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: None
• Living Area: 10 sq ft (0.9 m²)
• Lot Size: 10.3940 acres (4.21 ha)
• Frontage: 450 ft (137.2 m)

Costs

• Annual Taxes: $18,991.92

Listing Provided by: HOMELIFE/MIRACLE REALTY LTD
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.