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374100 Highway 11B N/A

Coleman, ON P0J 1C0
  • $1,290,000
  • STATUS: Active
  • ON SITE: 247 Days
  • ID#: X7211822
$1,290,000
  • 0
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

Description

Boasting 1000+ feet of shoreline with all exposures on approx. 13 acres on Gillies Lake in a town filled with history. Quiet, remote, with abundant wildlife, yet is located right off of 11B highway and within 15 minutes from the Lakefront towns of Haileybury & New Liskeard, on the Timiskaming shores. An established business is being sold with the property consisting of 5 renovated (2019) 4-season cottages with bookings all year. Guests include holidaymakers, nature enthusiasts, and longer-term stays for trades and construction people working in the area. Gross income last fiscal year approx $122,000. Expenses approx. $50,000. There is an RV site with 14 stalls and two boat launches. Additional structures are being upgraded for additional income streams. Beautiful site to build an owner's suite. There is potential to utilize the RV stalls as glamping areas or construct additional cabins. Those with landscaping skills could transform this property from something special to amazing!

Extras: Year-round activities. Hiking. Swimming. Boating. Rock climbing. Shopping. Theatre. Dining. Directly on snow mobile trails. Ice Fishing. Cross-country skiing. ATV trail. Downhill skiing & snowboarding 20 minutes away.

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Listing information © 2024 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Adnan Hasan | RE/MAX Impact Realty. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2024-06-15T21:40:58.517.
www.ashhomes.ca/homes/144317038
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374100 Highway 11B N/A Coleman, ON P0J 1C0

  • Price: $1,290,000
  • Status: Active
  • On Site: 247 Days
  • ID#: X7211822
0
Beds
5
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Coleman
County:
Ontario
Area:
Coleman
Property Description
Boasting 1000+ feet of shoreline with all exposures on approx. 13 acres on Gillies Lake in a town filled with history. Quiet, remote, with abundant wildlife, yet is located right off of 11B highway and within 15 minutes from the Lakefront towns of Haileybury & New Liskeard, on the Timiskaming shores. An established business is being sold with the property consisting of 5 renovated (2019) 4-season cottages with bookings all year. Guests include holidaymakers, nature enthusiasts, and longer-term stays for trades and construction people working in the area. Gross income last fiscal year approx $122,000. Expenses approx. $50,000. There is an RV site with 14 stalls and two boat launches. Additional structures are being upgraded for additional income streams. Beautiful site to build an owner's suite. There is potential to utilize the RV stalls as glamping areas or construct additional cabins. Those with landscaping skills could transform this property from something special to amazing!

Extras: Year-round activities. Hiking. Swimming. Boating. Rock climbing. Shopping. Theatre. Dining. Directly on snow mobile trails. Ice Fishing. Cross-country skiing. ATV trail. Downhill skiing & snowboarding 20 minutes away.
Exterior Features

Area Influences Grnbelt/ConservMajor Highway Freestanding Yes Garage Type None Lot Depth 0.00 Lot Front 1425.60 Lot Irregularities Lot Irregular Lot Size Code Feet Parking Spaces 10

Interior Features

Air Conditioning N Basement N Heat Type Elec Forced Air Total Area 700698.00 Total Area Code Sq Ft

Property Features

Approx Age 0-5 Business Building Name Gillies Lake Front Cottages Category Accommodation Commercial Type Investment Crane N Cross Streets In Between Cobalt And Hw 11 Days Open 7 Estimated Inventory Values At Cost 50000 Expenses Actual Or Estimated Est Gross Income Sales 122000 Heat Expenses 3000 Hydro Expense 17000 Insurance Expense 4415 List Price Type For Sale Lot Code Lot Maintenance 4000.00 Net Income Before Debt 71720 Occupancy Tenant Operating Expenses 10000 Other Expenses 4000 Sale Or Lease Sale Seller Property Info Statement No Sewer Septic Tax Year 2023 Taxes 3300.96 Taxes Expense 3301 Taxes Type Annual Use Cabins/Cottages Utilities Y Vacancy Allowance 30 Water Well Water Expense 0 Water Supply Types Dug Well Year Expenses 2022 Zoning CI Tourist Commercial

Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY.
Listing information © 2024 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Adnan Hasan | RE/MAX Impact Realty. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2024-06-15T21:40:58.517.
 
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Adnan Hasan | RE/MAX Impact Realty
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Courtice ON, L1E 2J6