Motel and Trailer Park for sale
Description
TRREB: X6661586 Investment opportunity ***Motel and Trailer Park in Timmins, Ontario, Canada*** 4133 Hwy 101 West, Timmins. This Motel and Trailer Park is Profitable. Fully Renovated Since 2008! What More Could You Ask For? Sitting on beautiful ten-and-a-half acres of ample space and scenic, greenery views, the first floor Motel has 16 individual rooms with a bathroom and kitchenette in each room. The office contains a three bedroom, two floor garden story apartment to make the perfect live/work unit. The potential to be an on-location convenience store along with a restaurant as was run under the previous ownership. The current owners are renovating the Motel and Garden Story Apartment to give the same a more modernized look on par with today’s standards. The trailers are all self-contained, owned by the tenants with ample on-site parking for each available trailer. There are currently four (4) vacant spots for trailers. This is a steady stream of rent from the trailer park to compliment the motel. Invest now while the economy is starting to boom. Directly across from the Motel is a long-term construction site that would make a great income stream for long-term rentals for the motel rooms. This type of investment opportunity will not last long on the market. Motel is currently under renovation, not currently renting rooms as rooms are being renovated and/or updated for more modernization and hopefully, this should not take much longer. There are currently 14 trailers on site that are leasing (monthly at a mean $450.00 per trailer) their lot and there is room for another six"ish" depending on the layout and hookups and size. I believe the previous owner had a convenience store style (like a Tuck Shop) that was successful as well. It is limitless to be honest. you could even purchase a trailer, put it on one of the lots and AirBnB it. There is also some space in the middle of the lane way that could be turned into something more profitable too. You would need to confirm with the City of Timmins with respect to a semi-closed off camping sport or pop up trailer spot too. Interested? Call 416-474-8080 Email: realtorngill22@gmail.com
- Ad Type: Offering
real estate | houses for sale
2023-08-26