Rainy Lake Ontario Resort For Sale

Rainy Lake Ontario Resort For Sale

Contact Name: Frank & Lynn Wepruk, Owners

Main Location: Site 300-15 RR3, Fort Frances, ON P9A 0A1

Contact Details: Email: [email protected] Phone: 1 (807) 481-2534

Asking Price: $2,950,000 CAD

*The below information while deemed to be correct is not guaranteed. All measurements should not be relied upon without independent verification.

Photos of the Resort

Overview

Historical drive-to fishing lodge located on the Canadian side of Rainy Lake in Northwestern Ontario.

The lodge has a very strong operational history as a commercial fishing base but has been converted to vacation rental units for outdoor enthusiasts. The lodge sits on 10.54  acres with prime water frontage with a mostly southern exposure. Existing infrastructure, septic and electrical, supported two older cabins that were torn down and a 25 stall trailer park that was shuttered to make way for future development. Its location, land and buildings could suit many other potential business models.

The resort has existed since the late 1800’s and catered to fishermen and hunters and employed many locals over the years. The deed to the property actually pre-dates the dam at Fort Frances so we own part of the land under water. The lodge has a reliable repeat guest list that spans generations. This has provided the foundation for successful seasons year after year.

The business is a limited corporation so it is already divided into shares if that makes it easier for investors to buy in.

Buildings

The main lodge is also the owner’s residence on the second floor with a store and gathering place on the main floor. The owner’s residence is a 3 bedroom home that is occupied all year so it is winterized and has a heat pump as the heating and cooling system.

The cabins can be viewed on the web page and are insulated if one were to winterize them to take advantage of the ice fishing and snow-mobiling season. Our newest cabin (8 we call it) is fully winterized and also has a heat pump for heating and cooling.

There is also a fully winterized building that is our workshop/water treatment building that has electrical heating through piping in the floor. Water is filtered then chlorinated and then pumped through a seasonal system for the summer season.

Investment in a television network and internet access has provided a necessary information system for all guests. Other than the heat pump buildings there are window air-conditioners for the rental units.

There are other buildings and storage sheds throughout the property that help with the operation of the business.

Location

The lodge is located on a small peninsula in the Bear Pass area near the CN railway lift-bridge at the beginning of Redgut Bay to the north and Swell and Seine Bays to the south. The waterfront has been significantly developed with retaining walls, a sand beach, boat launch, parking lot, marina and breakwater shielding the marina docks.

Rainy Lake is a border water lake with part of the South Arm shared with Minnesota and Voyagers National Park and the North Arm and Redgut being in Ontario, Canada. The towns of Fort Frances and International Falls are only a thirty minute drive away with access to shopping, golfing, and other tourism related activities. Rainy Lake is known to have a great fishery for walleye, smallmouth bass, northern pike, crappie, muskie and a few other species that surprise anglers.

Chattels

All the necessary equipment and fixtures to run a smooth operation are included in the sale of the property so the future owner will not have to invest any extra costs to take over operation of the business.

Presently the are 3 Alaskan fishing boats powered by Honda 50 hp motors and a couple of other 16 foot boats. Most of our guests choose to bring their own fishing rigs as it is not too far to bring your own boat and equipment from the Midwestern states where most of the guests come from. We also have a couple of boat caches for those who would like to try another lake.

We also manage two Bear Management Areas for the bear hunt.

Reason For Selling/Transition

Current owners are preparing for retirement. The owners will facilitate a smooth transition and provide training and assistance as required by the new owners.