Primary photo of 35 Spruce AVE, Vermilion Bay
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Business For Sale

$395,000

MLS® Number: TB242194

Floor Area

0

Land Size

3.96

35 Spruce AVE, Vermilion Bay, Ontario

About This Property

Here's your chance to become a part of history! The Bayview Hotel in Vermilion Bay, Ontario, holds a significant place in the local history of the community. Established in the early 1900s, the hotel originally served as a stopping point for travellers and loggers exploring the vast wilderness of Northwestern Ontario. Over the years, the Bayview Hotel evolved into a hub of social activity, hosting events, gatherings, and providing accommodation for visitors to the area. With its picturesque location overlooking Eagle Lake, the hotel became a popular destination for tourists seeking relaxation and natural beauty. You can now enjoy owning and operating this fully licensed lounge with a bar and dance floor. In the main building there is a one bedroom apartment on the main floor and 3 one bedroom apartments and a bachelor apartment on the second floor. The 5 Unit Motel next to the main building has been renovated into 4 one bedroom apartments for extra added income.Laminate flooring in the bar replaced in 2018. High efficiency furnace upgrades also completed in 2018. Other upgrades include a new Hot Water tank in 2024, shingles in 2012 and an upgraded fire alarm system. Must be seen to be appreciated. Call to day and make your appointment to view!

Property Details

Interior Details

Basement

Full

Heating

Baseboard heaters, Forced air, Electric, Natural gas

Living Area

0 sqft

Building & Exterior

Building Features

Living Accommodation, Street Lighting

Exterior Features

Stucco

Foundation Details

Poured Concrete

Parking Features

Other, Gravel

Land & Location

City Region

Vermilion Bay

Frontage Length

289.0

Lot Features

Office space

Lot Size Area

3.96 acres

Lot Size Dimensions

3.96

Parcel Number

420730329, 420730330, 420730331

Postal Code

P0V2V0

Utilities & Services

Utilities

Natural Gas, Electricity, Telephone

Listing & Financials

Listing Office

RE/MAX NORTHWEST REALTY LTD.

Originating System Name

Thunder Bay Real Estate Board

Other Specifications

Country

Canada

Mortgage Calculator

20% ($79,000)
5.5%
25 Years

Estimated Monthly Payment

$1,941

Principal and interest only. Actual rates may vary.

Location & Map

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