35 Spruce Avenue, Machin (TB-612) - Business for Sale
35 Spruce Avenue, Machin (TB-612), Ontario, P0V2V0
Description
Here's your chance to become a part of history! The Bayview Hotel in Vermilion Bay, Ontario, holds a significant place in the local history of the community. Established in the early 1900s, the hotel originally served as a stopping point for travellers and loggers exploring the vast wilderness of Northwestern Ontario. Over the years, the Bayview Hotel evolved into a hub of social activity, hosting events, gatherings, and providing accommodation for visitors to the area. With its picturesque location overlooking Eagle Lake, the hotel became a popular destination for tourists seeking relaxation and natural beauty. You can now enjoy owning and operating this fully licensed lounge with a bar and dance floor. In the main building there is a one bedroom apartment on the main floor and 3 one bedroom apartments and a bachelor apartment on the second floor. The 5 Unit Motel next to the main building has been renovated into 4 one bedroom apartments for extra added income.Laminate flooring in the bar replaced in 2018. High efficiency furnace upgrades also completed in 2018. Other upgrades include a new Hot Water tank in 2024, shingles in 2012 and an upgraded fire alarm system. Must be seen to be appreciated. Call to day and make your appointment to view! (id:66096)
Property Details
- MLS®
- X13264058
- Property Type
- Business
- Business Type
- Accommodation
- Bathrooms
- 3
- Lot Size
- 3.96 acres
- Frontage
- 289 ft
- Basement
- Full
- Heating
- Baseboard heaters, Electric, Natural gas, Other
- Cooling
- Fully air conditioned
- Property Tax
- $3,142.55/yr
- Listed
- 842 days ago
Features
- Foundation
- Poured Concrete
- Exterior
- Stucco
Services
- Water
- Municipal water
- Sewer
- Septic System
- Utilities
- Telephone, Natural Gas Available, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 842 days on market, against an average age of 398 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 98.0 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Machin (TB-612) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0V)
This home lists at $395,000, about 5.5× the local median household income of $71,500.
Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.
- Median household income
- $71,500
- Population
- 22,944
- Median age
- 30.8
- Owner / renter
- 77% / 23%
- Avg. household size
- 3.1
Source: Statistics Canada, 2021 Census (FSA P0V)
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$395,000
Machin