50 - 52 Highway 11
Cochrane, ON
- 48 bath
- 6 sqft
- Sale Of Business
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.
Listing Details
- Taxes (2025)
- $64,649
- Originally Listed
- $3,900,000
- Listed
- February 3, 2026
Price History
Property
- Lot Size
- 499.92 x 525.08 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Highway 11 at Cochrane junction
- Zoning
- Commercial - Motel - Prop Code 450
- Parcel Number
- 652920111
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Hotel/Motel/Inn
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area P0L
- Population
- 22,859
- Private dwellings
- 10,591
- Median age
- 42
- Average household size
- 2.5
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Cochrane · last 12 months
- Median sold price
- $265,000
- Homes sold
- 85
- Median days on market
- 23
- Sale-to-list price
- 94.0%
Based on 85 recorded sales of commercial properties in Cochrane over the last 12 months.
Listed by
CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $64,649
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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