374100 Highway 11b, Coleman, Ontario

$1,290,000

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5

Baths

700,698

Square feet

About 374100 Highway 11b

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!

Features of 374100 Highway 11b

MLS® # X7211822
Price $1,290,000
Bathrooms 5.00
Square Footage 700,698
Type Commercial Sale
Sub-Type Investment
Status A

Community Information

Address 374100 Highway 11b
Area Timiskaming
City Coleman
Province Ontario
Postal Code P0J 1C0

Amenities

Utilities Y
Features 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.
Parking Spaces 10
Garages None

Interior

Heating Elec Forced Air
Has Basement No

Exterior

Lot Description 1425.60x0.00 Feet

Additional Information

Date Last Updated April 24th, 2024
Zoning CI Tourist Commercial

Listing Details

OfficeBERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

Listing Map

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