50 - 52 Highway 11 N/A S, Cochrane, ON P0L 1C0
50 - 52 Highway 11 N/A S, Cochrane, ON P0L 1C0
50 - 52 Highway 11 N/A S, Cochrane, ON P0L 1C0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$4,200,000
Est. payment /mo
48 Baths
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UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Subdivision Cochrane

MLS Listing ID T12751848

Annual Tax Amount $64,649

Tax Year 2025

Property Sub-Type Sale Of Business

Property Description

Well maintained 43 Room Motel (Travel Inn) & Restaurant (241 Pizza franchise) + 2 Apartments for the owner/manager or staff to stay. Total Area 6 Acres of commercial zoned land, great potential for future development. Huge parking lot, most of the worker groups working in different projects prefers this location, eat-drink and sleep at one stop. Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (business stays equally busy in the winter months). Current owner has been successfully managing this property since 2019 as an Absentee Owner, an employees run both businesses and both are profitable with the future potential to grow even more for the right buyer/owner operator to add another food franchise beside the 241 Pizza (set up is ready for Quesada or Burrito) Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees group come through the city due to flood, fire, storm etc. in there villages up in northern Ontario. Cochrane town is fast developing with many new businesses established in past few years AND new mining projects around Cochrane are expected production is targeted to begin by 2027, with construction potentially breaking ground in 2026, The project is expected to employ up to 1,000-2,000 people and operate for over 40 years (according to the news) Excellent NOI over $550K and Cap Rate over 13%. Great opportunity for the new buyer/investor.

Location

Province ON

County Cochrane

Area Cochrane

Zoning Commercial - Motel - Prop Code 450

Interior

Cooling Yes

Exterior

Parking Features Outside/Surface

Community Features Major Highway

Utilities Available Available

Building

Lot Description Lot

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Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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50 - 52 Highway 11 N/A S

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