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Lake of the Woods Resort/Restaurant For Sale — Morson's Pelican Landing
Morson's Pelican Landing is a small family-owned resort on Eleanor Lake, which feeds directly into the southern end of the famous Lake of the Woods. In 2021, the property opened a take-out only restaurant that generated almost $70,000 in sales over three months. The cabins are used year-round and generated $45,000 in sales, and a full-service fall deer hunting package brought in an additional $17,000.
Groups of both fishermen and hunters return to the property on an annual basis, with some parties booking with the resort since 2003 — over two decades of repeat business built into the operation.
The resort property includes a fishing cleaning/storage facility and a small docking area with power. A cement ramp beside the dock allows for boat launching. Eleanor Lake is a small sheltered lake, so wind does not cause damage to the docks or boats moored there. Water treatment is handled by a filter and UV treatment system, along with a softener installed in 2020. Internet is currently provided through a satellite provider, with fibre connections expected in the near future.
The main lodge has a fully equipped kitchen — a 3-burner flat-top grill, 4-burner stove, 2 ovens, a char-broiler, a state-of-the-art deep fryer new in 2021, an open 2-basket deep fryer, a glass door cooler new in 2022, three chest freezers, and one upright freezer. All cooking appliances are propane fired. The lodge has a central fireplace with enough tables and chairs to offer inside dining, two public washrooms, office space, private accommodations and a washroom in the rear of the building, and on-site laundry facilities.
Two of the cabins were constructed in 2004 and are completely winterized, with open concept vaulted ceilings and covered decks. The third cabin was extensively renovated in 2004, is also open concept, and has an open deck. All cabins are fully furnished, including major appliances (refrigerator, stove, microwave), dishes and cookware, and BBQs, with a satellite television system servicing each cabin. A large screened-in gazebo sits at the water's edge, overlooking waters that host nesting ducks, trumpeter swans, geese, and blue herons.
Assets pertaining to the kitchen and cabin operations are all included in the sale. Any boats and motors are up for negotiation.
Morson's Pelican Landing sits on Eleanor Lake, which feeds directly into the southern end of Lake of the Woods, and consists of a main lodge, three cabins, and six full hook-up RV sites. The resort is located on Highway 621, with the main lodge fronting the highway. The property covers 2.23 acres, currently zoned Commercial.
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The Frontier Report · Monthly Newsletter
5 minutes a month.
Lodge & Resort Market Intelligence.
New listings as they hit the market. Cap rate trends, transaction data, and operations intelligence for current owners. The kind of market analysis I normally keep for appraisal clients — delivered free to buyers, sellers, and operators who take this market seriously.
Subscribe — It's Free


