What to do with a schoolhouse(cross-posted from 00t)
I got home for reading week, and my parents told me about a decent investment opportunity near our cottage. It is a 40 year old schoolhouse on a secondary highway in a fairly remote location, but just about a mile from a great lake. It is about 10000 square feet with a gymnasium, 5 classrooms, and a soccer field/baseball diamond, and the price they are selling for seems to be not much more than this 3 acre lot would sell for if it was empty.
Its likely only selling for such a small price because it is impossible to create a good business in this area; but it is also possible that it is only so cheap because no one has yet had any good ideas.
The highway it is off of seems to be busy enough to have a general store/small restaurant, but not busy enough to support a fast food chain/tim horton's etc.
It is about 1 hour from a few city's with population of 100k or more, and about 3 hours from Toronto(biggest city in Canada).
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