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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$14,999,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Welcome to the enchanting retreat of Christie's Mill Inn and Spa. This resort property is set against the backdrop of 17 acres along the tranquil shores of Little Lake. This Muskoka getaway is a sanctuary of serenity offering 41 guest rooms and a three-bedroom cottage – each a haven of comfort with distinctive views and in-suite amenities. Indulge in a culinary journey at the full-service waterfront restaurant, where a skilled chef crafts delectable dishes from the freshest ingredients. Whether in the cozy cafe, stylish bar, or inviting lounge, savour a symphony of flavours while surrounded by picturesque beauty. Discover opulence at every turn with the indoor pool, hot tub, and outdoor wood burner sauna. Surrender to bliss at the full-service spa, or stay active at the 24-hour gym equipped with a treadmill, two bikes, and free weights. Tailored for corporate retreats, the conference rooms accommodates up to 90 guests, complemented by 2000 sq ft of outdoor event space for corporate gatherings, weddings, and social events. Step into a vast expanse of outdoor amenities: a tennis court, lakeside patio and terrace, a private beach with docks, and an exclusive private island accessible by helicopter – reserved exclusively for esteemed guests and members. The current owners of the resort has spent millions of dollars upgrading the facility over the last few years and this property has become a prominent location for TV and movie productions to film. Envision a fusion of contemporary elegance and year-round comfort, crafting an accessible retreat in Northern Ontario, with over 2000 ft of water frontage. Don't miss this opportunity to purchase this turnkey hotel resort with strong cash flow and so much development potential! (id:39198)
Location
Province
Ontario
City
Port Severn
Address
263 Port Severn Road N
Postal Code
L0K1S0
Location Highlights
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Listed by
SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
43,496
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$14,999,000
Asking Price
$14,999,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
43,496
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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