EN
Canada CA
CAD $

Timmins Motel - High Demand Location, Sold Out Consistently For Sale

Timmins, Ontario, Canada, ID 204277

Timmins Motel - High Demand Location, Sold Out Consistently For Sale 1
Timmins Motel - High Demand Location, Sold Out Consistently For Sale 1
Asking price:
CAD $1 399 000
Owner
Owner's representative

Сontact with me Owner's representative

Description

This profitable and turnkey hospitality property and business is located on the main highway running through Timmins, Ontario. This well maintained motel features 15 fully furnished guest rooms with new mattresses throughout. Each room includes a private bathroom, and the majority offer full kitchenettes. The property includes a two story apartment above and a front office located at the main entrance, creating a convenient live work setup. Guests benefit from ample parking, including the ability to park directly in front of their rooms, reflecting a classic motel style layout. The location is just under one kilometre from the scenic Mattagami River, with nearby access to hiking trails. The setting is quiet and secluded, while still offering convenient access to town amenities and commuter routes. The business generates a strong five figure average monthly income, translating to a six figure annual income, making it suitable for a first time commercial buyer, an experienced hospitality operator, or a company seeking workforce accommodation. At the rear of the property are 18 zoned lots previously used for mobile homes, offering future redevelopment or expansion potential. The property is highly visible from the highway and maintains a steady year round client base with repeat business. Recent upgrades include: Electrical system fully up to code in 2023 Fire alarm system updated in 2023 New plumbing converted from copper to PEX in 2023 Two new energy efficient tankless boilers with updated heating lines New 8mm vinyl flooring in all rooms Majority of windows replaced in 2023 Double curtains installed in all rooms All appliances including mini fridges, microwaves, toasters, lamps, and bedding replaced in 2023 All rooms equipped with Roku smart TVs This is a rare opportunity to acquire a fully upgraded, income generating hospitality asset with strong cash flow and significant expansion potential.

Details

Real Estate: Real Estate Included
Employees (ppl): 1
Support from seller: Hand-over period
Asking price: 1 399 000 cad

Similar businesses

Create Your Account

Welcome back!

Enter your email address

Create a new password

Choose your language
Choose your сurrency
Choose your country
Or view all businesses for sale
Worldwide