Address
7044 HWY 534 Restoule, ON
Price
$ 799,900
Property Attributes
  • ID#40056275
  • TypeCommercial
  • CityRestoule
  • Postal CodeP0H 1W0
  • Style
  • Price$ 799,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size3 Acres
Listing Provided Courtesy Of:
RE/MAX Legend Real Estate Inc., Brokerage (144)
Data Source:
Canadian Real Estate Association
Property Description

Located on approximately 3 acres, this amazing 4 season, licensed turnkey operation, is ready to pass along to new owners, as the current owners are ready to retire after 17 years of running this successful business. Although 2020 with Covid was challenging for all, this business still thrived with an increase in net profits, showing great stability. Located in the village of Restoule between Commanda Lake and Restoule Lake on route to Restoule Provincial Park. This restaurant/motel lodge shouldn't be passed by given its strategic location and being the only restaurant and ice cream parlour in town! The restaurant offers seating for 65 with 50 seats on the patio and a flexible lower level with seating for 90 which can be used for a bar, banquet or future development. The lodge offers 4 remodelled suites with kitchens for highly, weekly or long term stays or owners living quarters which offers an affordable live-in opportunity. Hunters spring & fall, summer cottages, campers, tourists and OFSC snowmobiling offers options for added income.Township is unorganized as well. Great opportunity with a possible vendor take back for an appropriate qualified buyer. (id:7434)

General Features

Community Features Quiet Area
Features Corner Site, Country residential
Foundation Type Block
Location Description Hwy 11 S to Hwy 654. Follow to Restoule.
More Information Link https://www.realtor.ca/real-estate/22751470/7044-hwy-534-restoule
Ownership Type Freehold
Property Type Other
Zoning Description Commercial

Interior Features

Basement Development Finished
Basement Type Full (Finished)
Building Fireplace Present False
Building Heating Fuel Electric, Propane
Building Heating Type Baseboard heaters, Forced air
Flooring Type Carpeted, Hardwood, Linoleum

Exterior Features

Exterior Finish Stone, Vinyl siding
Parking Space Total 20
Sewer Septic System

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in P0H 1W0

Price
AVG $800K
$800K
Visits
AVG 106
105