8856 Highway 560 West, Elk Lake, ON

$1,250,000

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7.41

Acres

About 8856 Highway 560 West

Turnkey resort investment in beautiful northern Ontario. This resort has been operated by 2 generations of the same family since 1970. The resort is situated in the stunning region of Elk Lake in Unorganized West Timiskaming. The 4-season resort sits on a peninsula on Long Point Lake. It's known for its excellent fishing, hunting and cottaging experiences. It has solid revenues and additional revenue potential. 13 cottages, office/residence and 10 outbuildings for maintenance, recreation and storage. 17 trailer spaces for seasonal RV’s with the potential for additional trailer spaces. The resort enjoys a high rebooking rate with loyal customers and a low vacancy rate. Benefit from the well-managed, decades-long ownership of a family that has taken pride and enjoyment in delivering a memorable experience for their guests year after year.

Features of 8856 Highway 560 West

MLS® # 40448103
Price $1,250,000
Bathrooms 0.00
Acres 7.41
Year Built 1972
Type Commercial Sale
Sub-Type Building and Land
Status Active

Community Information

Address 8856 Highway 560 West
Area James
Subdivision James
City Elk Lake
County Timiskaming
Province ON
Postal Code P0J 1G0

Amenities

Utilities Electricity Connected, Other, Yes, Propane
Parking Spaces 200
Parking Detached Garage, Gravel
# of Garages 2
View Hills, Lake, Panoramic, Trees/Woods, Water
Is Waterfront Yes
Waterfront Compact Rural Community, North, East, South, West, Beach Front, Other, Lake Privileges, Lake/Pond
Has Pool No
Pool None

Interior

Interior Features Party Room, Public Washrooms, Recreational Facilities, Separate Heating Controls, Separate Hydro Meters, Sewage Pump, Storage, Storefront
Appliances Water Heater Owned, Water Purifier
Heating Baseboard, Forced Air-Propane, Wood Stove
Cooling None
Fireplace No
# of Stories 1
Has Basement Yes
Basement Separate Entrance, Full, Partially Finished

Exterior

Exterior Features Sloping, Storage Buildings, Workshop/Storage, Storage
Lot Description Rural, Irregular Lot, Beach, Highway Access, Open Spaces, Quiet Area, Visual Exposure
Construction Hardboard
Foundation Concrete Block

Additional Information

Days on Market 284

Listing Details

OfficePG Direct Realty Ltd. Brokerage

Listing Map

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