haho.ca
$1,399,000
For sale

4133 Highway 101 West, Timmins (MTJ - Trailer Parks) - Business for Sale

4133 Highway 101 West, Timmins (MTJ - Trailer Parks), Ontario, P4R0E7

10 ft²Listed 223 days ago
Overview

This business in Timmins is for sale offering roughly 10 sq ft of space.

Description

This profitable and turnkey hospitality property/business is located right on the main highway running through Timmins, Ontario. This well-maintained motel has 15 fully furnished guest rooms consisting of new mattresses throughout, each with a private bathroom, and with the majority offering full kitchenettes. With a two-story apartment right above, and a front office below at the main entrance, this property is a live/work set-up . All guests have ample parking together with the ability to park right in front of their room, bringing back the vintage motels back in the day. The property is just under one (1) km from the scenic Mattagami River, and the property offers the ability to hike right to it from the Motel. The atmosphere is quiet and secluded but close enough to town for guests to commute to the city while maintaining far enough from the city noise for a good night's sleep. The property generates a strong five-figure average monthly income (a six-figure yearly income), making it perfect for a first-time commercial buyer, seasoned veteran in the hospitality business, or an industrial company looking to house their workers year-round. The back of the property features 18 zoned lots previously used for mobile homes; however, it has the potential for future re development and expansion. Located in a high visibility location right off the highway, and offering an active clientele base with repeated visits year-round. This motel is an amazing opportunity to invest in with the ability to live at or hire personnel without having to worry about providing housing. This is a property that you do not want to miss out on! Electricity up to code 2023, Fire Alarm System up to code 2023, New Plumbing from Copper to Pex 2023, New Two Tankless Boiler Energy Saver and all heating pipes Pex, All Room Flooring 8mm Vinyl, Majority Brand New Windows 2023, All Double Curtains in Rooms, All Appliances (Mini Fridge, Microwave, Toaster, Lamp) And All Bedding 2023, All Roku SMART TVs. (id:66096)

Property Details

MLS®
T12923434
Property Type
Business
Business Type
Accommodation
Zoning
RD-MHP
Interior Size
10 ft²
Lot Size
10 acres
Frontage
450 ft
Heating
Hot water radiator heat, Natural gas
Cooling
Partially air conditioned
Property Tax
$18,991.92/yr
Listed
223 days ago

Services

Sewer
Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
223d
Timmins (MTJ - Trailer Parks) listings, avg age
107d
Price / ft²
$139,900
List price
$1.40M

Long Listed: 223 days on market, against an average age of 107 days across the listings currently for sale in this city

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 103.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This business in Timmins (MTJ - Trailer Parks) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by HOMELIFE/MIRACLE REALTY LTD · NOOR GILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P4R)

This home lists at $1,399,000, about 12.1× the local median household income of $116,000.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.

Median household income
$116,000
Population
4,795
Median age
43.6
Owner / renter
81% / 19%
Avg. household size
2.6

Source: Statistics Canada, 2021 Census (FSA P4R)

$1,399,000· $139,900/ft²
For sale

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$1,399,000

Timmins

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