374100 HIGHWAY 11B

Coleman, Ontario, P0J1C0, Canada

$1,290,000

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.

EXTRAS: Conservation/green belt

Last updated on : Tuesday 14th of May 2024 12:58:21 AM

ADDRESS

Street : 374100 HIGHWAY 11B

City : Coleman

Province : Ontario

Country : Canada

Postal Code : P0J1C0

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PROPERTY SUMMARY

Property ID : X7211822

Property Type : Business

Bathrooms : 5

Parking : 10

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