Day Dreams Come True!5340 Highway 71 -
This is your opportunity! Who hasn't thought about owning a year round resort on lake of the Woods in a high profile location?
This is a fantastic business opportunity in the ever so popular Sioux Narrows tourist area. One of the most well known tourist & travellers locations along Hwy 71 situated on the beautiful Regina Bay on Lake of the Woods. It has all the convenience and accessibleness of both Hwy and water access. This well established property has been, and still could be easily operated year round. This resort includes great amenities including the main resort motel with 10 units, licensed restaurant & sports lounge, convenience store with gas bar and additional gas pumps at the docks. There is also a boat launch, 3 RV hook up sites and a 3 bedroom living quarters above the restaurant and rental/staff quarters behind the convenience store make this an easy fit to run a business on site. With this outstanding location, high visibility plus a large Lake of the Woods waterfront acreage and shoreline, you can't go wrong! This property is offered as a turn key opportunity.
The motel has 10 fully furnished units over two levels with 5 units up and 4 units plus 1 master Jacuzzi & fireplace suite on the main floor. The units are equipped with a variation of multiple beds, either a 3 or 4 piece bath, coffee makers, satellite TV and several with fridges. The main area of the resort hosts the restaurant and lounge which has a dining capacity for 50 plus, a full commercial kitchen and all the necessary equipment and items to efficiently run a successful operation. The licensed sports lounge has plenty of room to accommodate large groups and features a multiple TV,s along with a big screen TV, pool table, and all the equipment and great amenities that you would expect with a sports lounge.
The owner's quarters is on the upper level with separate access and features 3 large bedrooms, 4 pc bathroom and comfortable open concept living and kitchen area along with a private back deck area to enjoy after a long day's work.
The convince store and gas bar building services the local areas and is directly beside the Motel and provides an array of convenience items, movie rentals, gas and could be stocked with many more items that you might choose. In addition the back of this building offers a 2 bedroom apartment that is ideal for onsite staff quarters.
Other areas onsite include the docking area/ gas pumps and fish house at the water's edge beside the boat launch. This area offers plenty of parking for boats and easy access for visitors to pop in to get gas or a quick trip to the convenience store.
The property is 4.6 acres with 625 feet of waterfront and 800 ft of great profile Hwy frontage perfect for resort visibility and additional advertising. The restaurant/lounge, convenience and gas bar have a westerly exposure facing towards the Hwy. the motel has most a beautiful south westerly exposure overlooking the launch and docking area in the bay. All areas of this property provide easy in and out access to accommodate Hwy travellers, boaters and snowmobile traffic. This is a great central location that is accessible year round, winter, spring summer and fall! In addition, there are several gorgeous waterfront building locations that could easily be developed.
Advance appointments for viewing please.
Sale price subject to HST
- ID: TB173312
- Status: Active
- Living Area: 8,000 Square Feet
- Neighbourhood: Sioux Narrows-Nestor Falls
- Property ID: 101269718
- New Construction: No
- Lot Area: 4.60 Acres
- Body of Water: Regina Bay Lake of the Woods
- Style: Mobile Home Park
- Building Size: 8000
- Estimated Annual Taxes: $6,125