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$1,250,000
Status: For Sale
Turnkey resort investment in beautiful northern Ontario. This resort has been operated by 2 generations of the same family since 1970. The resort is situated in the stunning region of Elk Lake in Unorganized West Timiskaming. The 4-season resort sits on a peninsula on Long Point Lake. It's known for its excellent fishing, hunting and cottaging experiences. It has solid revenues and additional revenue potential. 13 cottages, office/residence and 10 outbuildings for maintenance, recreation and storage. 17 trailer spaces for seasonal RV’s with the potential for additional trailer spaces. The resort enjoys a high rebooking rate with loyal customers and a low vacancy rate. Benefit from the well-managed, decades-long ownership of a family that has taken pride and enjoyment in delivering a memorable experience for their guests year after year.
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40448103 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :26 Sep, 2024 (51 Days ago) |
| Source | :Barrie |
| Area | :Timiskaming |
|---|---|
| City | :Elk Lake |
| Area Major | :James |
| Area Minor | :James |
| Postal Code | : P0J 1G0 |
| Directions | :From Elk Lake take Hwy 560 west for 17km. From Sudbury, take Hwy 144 north, turn east on Hwy 560 for 117 km. |
| Price | : $1,250,000 |
|---|---|
| Property Taxes | :$2361.42 |
| Tax Year | :2022 |
|---|
| Heating | :Baseboard |
|---|---|
| Place of Worship | :No |
| Approx Square Footage | :11750 sqft |
|---|
19 Mar, 2024
TREB #40448103
Listed
$1250000
