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$999,000 total
—
Asset Class
Hospitality
Size
—
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
97%
Huron Motor Lodge. A rare opportunity to acquire a landmark hospitality business in the heart of South Baymouth, Manitoulin Island. Family-owned and meticulously maintained for more than 60 years, this well-established seasonal operation features an 18-unit motel, café, and gift shop, all prominently located directly across from the Chi-Cheemaun ferry terminal. Positioned at one of Manitoulin Island's busiest gateways, the property benefits from thousands of visitors arriving and departing each tourist season aboard the ferry service connecting South Baymouth and Tobermory. Guests enjoy spectacular views of Lake Huron and convenient access to the village's many attractions, including the modern 70-slip public marina, museum, hiking trails, restaurants, fishing charters, and recreational amenities. The property also features an inground swimming pool, providing added comfort and enjoyment for guests throughout the season. With a long-standing reputation, exceptional visibility, and a prime waterfront village location, this is an outstanding investment opportunity for those seeking an established tourism and hospitality business on Manitoulin Island. (id:66811)
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Monthly debt service
$5K
Projected NOI
$69K
Annual cash flow
$13K
Cash-on-cash
4.43%
DSCR
1.24
Going-in cap
6.87%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
91,749
Households
39,601
Median income
$101,000
Median age
32.1
Daytime population
149,244
5-yr growth
1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 24 Water St, South Bay Mouth.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.