374100 Highway 11B N/A Active Save Request In-Person Tour Request Virtual Tour
Coleman,ON P0J 1C0
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 700,698 sqft
Price per Sqft $1
MLS Listing ID X7211822
Annual Tax Amount $3,300
Tax Year 2023
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!
Location
Province ON
County Timiskaming
Community Greenbelt/Conservation,Major Highway
Interior
Cooling No
Exterior
Garage Spaces 10.0
Community Features Greenbelt/Conservation,Major Highway
Utilities Available Yes