7044 Hwy 534 Active Save Request In-Person Tour Request Virtual Tour
Restoule,ON P0H 2R0
Key Details
Property Type Commercial
Sub Type Hospitality,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,317 sqft
Price per Sqft $149
MLS Listing ID 40626919
Abv Grd Liv Area 7,317
Originating Board The Lakelands
Annual Tax Amount $3,191
Lot Size 2.500 Acres
Acres 2.5
Property Description
Great Investment Opportunity. Turnkey hands off investment of a fully leased cottage country restaurant and motel with a thriving established business. Located in the heart of the Restoule Community this 4 season business is situated within walking distance of Government Boat Launch and only a few minutes from renown Restoule Provincial Park plus it is located on the OFSC trail system where sledders can book a room and get a great meal. In addition to the fully equipped restaurant there are 4 fully equipped rental suites, 3 with kitchenettes especially handy for longer term rentals and hunting groups. Downstairs enjoys a huge open space formally a bar area but currently being used as a residence for the leaseholders plus extra-large full height storage area beneath the restaurant. There is room for expansion on this 2 ½ acre property with older garage and second entrance and parking area for rental guests. All this plus located in unincorporated township allowing for easy renovation or expansion plans plus very low taxes. Call for your personal tour and see why this investment makes sense for the savvy investor looking to capitalize on this Cottage Country Gem. Seller will consider VTB.
Location
Province ON
County Parry Sound
Area Unorganized Centre Parry Sound District
Zoning unorganized
Direction Hwy 11 to Hwy 534 from Powassan into Restoule to #7044
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Garage Detached Garage
Garage Spaces 1.0
Waterfront No
Street Surface Paved
Lot Frontage 262.55
Lot Depth 440.0
Parking Type Detached Garage
Garage No
Building
Lot Description Irregular Lot,Ample Parking,City Lot,Highway Access
Faces Hwy 11 to Hwy 534 from Powassan into Restoule to #7044
Story 1
Sewer Septic Tank
Water Well
New Construction No
Others
Senior Community No
Tax ID 522250078
Ownership Freehold/None