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Home ON Cochrane
50 - 52 HIGHWAY 11 S
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50 - 52 HIGHWAY 11 S $4,500,000
$4,500,000
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50 - 52 HIGHWAY 11 S
Cochrane, Ontario P0L1C0

MLS® Number: T12140454
48
Bathrooms

Listing Description

Priced to sell, Motel and Restaurant businesses with land - A well maintained 43 ROOM MOTEL with 2 Apartments for the Owner/Manager & Staff to stay. Additionally, the property has a Restaurant (established 2 4 1 PIZZA with Liquor licence + extra space for adding another food franchise - used to have Quesada in the past) Total Area 6 ACRES, great potential for future development. Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (equally busy in the winter months). Cochrane town is fast developing with many new businesses established in past few years. Current owners have been successfully managing this property since 2019. Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees through City due to flood, fire, storm etc. Employees run both businesses and both are profitable with the future potential to grow even more profit for the right buyer to add another food franchise beside the 2 4 1 Pizza. The motel was operating as Thriftlodge franchise until 2024. ***** OPTION for the BUYERS: The buyer can ONLY buy a Separate Restaurant Building along with existing 2 4 1 Pizza and 3 attached kitchenette Motel Rooms (see pictures) at a reasonable market price. Then the seller will sell remaining 40 Room Motel to another buyer by severance the land parcel. (40435716)

Location Description

Highway 11 at Cochrane junction

Property Summary

Property Type
Business
Community Name
Cochrane
Land Size
6.04 ac
Annual Property Taxes
$59,952
Time on REALTOR.ca
47 days

Building

Bathrooms
Total
48
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Water
Municipal water
Business
Business Name
TRAVEL INN COCHRANE
Business Type
Accommodation (Motel)
Neighbourhood Features
Amenities Nearby
Highway

Measurements

Square Footage
6 ac

Land

Lot Features
Frontage
499 ft ,11 in
Land Depth
525 ft
Other Property Information
Zoning Description
Commercial - Motel - Prop Code 450
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
NIRAJ PANCHOLI