REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,998,000
Est. payment | /mo
$ 2,998,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Orillia
MLS Listing ID S10441125
Annual Tax Amount $18,115
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Discover the possibilities with this charming investment motel, ideally situated near the stunning shores of Lake Couchiching, Couchiching Beach Park, and the vibrant downtown Orillia community. Boasting 16 well-maintained rooms, this property offers steady income potential with significant potential opportunities for land and development expansion. The subject property includes a 4 bedroom apartment adjacent to the main property, enhancing its value, features and convenience, offering even more potential and benefits. Nestled in a rapidly growing economy, Orillia is a thriving destination known for its bustling shops, cafes, and year-round attractions. With its prime location, this motel caters to tourists, business travelers, and visitors seeking convenient access to the areas natural beauty and amenities. Whether you're looking to expand, redevelop, or continue operating as is, this investment opportunity offers endless potential in a flourishing community. Don't miss the chance to make your mark in this sought-after location!
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Zoning C1
Interior
Cooling Yes
Inclusions From all Motel rooms: TV, Fridge, Microwave, Beds, Dresser, Mirror, Night Table, Coffee Maker, Bed Linen, Night Lamps, Hair Dryer, ALL INCLUSIONS CONDITIONS SELL AS IS.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Building
Lited by RIGHT AT HOME REALTY