35 Spruce Avenue, Machin, ON

$395,000
MLS#:X13264058
0 beds
3 baths
Commercial
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Property Highlights

Welcome to this remarkable sale of business located in the coveted neighborhood of Machin. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $395,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 3 Bathrooms
  • Premium 289 x 626 ft lot size
  • Features a yes basement, adding superb versatility for recreation, a home gym, or extra storage
  • Notable attributes: Other
  • equipped with yes central cooling and highly efficient other heating via gas

Description

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!

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Key Features

Bathrooms
3
Property Type
Commercial

Additional Details

StatusActive
Listed Date7/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
ConstructionStucco (Plaster)
BasementYes
Lot Size289 × 626 Feet
CountyKenora
Annual Tax$3,142.55
Legal DescriptionSee Schedule "C"

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingYes

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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35 Spruce Avenue, Machin, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 35 Spruce Avenue, Machin, ON P0V 2V0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$316,000
Monthly Mortgage$1,836
Property Tax (Est.)$262
Utilities & Maint.$350
Total Monthly Cost$2,448

Nearby School Rankings

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Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Machin.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$266,914

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.