151 Bruce Avenue, Timmins, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of SP - Main Area. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,299,000 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 11 Bathrooms
- Premium 160.12 x 265.78 ft lot size
- Convenient double detached garage included
- equipped with partial central cooling and highly efficient gas hot water heating
Description
Opportunity knocks with the long established Airport hotel property available for the right entrepreneur. Ground floor level is the "Shady Lady Lounge" with recently upgraded bar area and point of sale system. The second level is the dining area that has a fully functional upgraded kitchen, private party room, restaurant and banquet areas as well. Third floor has 12 rental rooms with TV's and 5 bathrooms with a coffee area. This is a water front facing location with patio area and big a big treed yard to host events and weddings. There is a driveway entrance off Bruce Avenue to access the detached garage also parking in front and across the street in a private parking area. This venue hosts many events and has been an integral part of the community for the last 90 years!
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Pricing & Value Insights
Data-driven valuation for 151 Bruce Avenue, Timmins, ON P0N 1H0
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About Purchasing a Home in Timmins, ON
For a property listed at $1,299,000 in Timmins, the legal minimum down payment is $259,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,455 for this transaction. As this listing is in Timmins (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $22,455.
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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.