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$4,800,000
For sale

1050 Oxtongue Lake Road, Algonquin Highlands (McClintock) - Business for Sale

1050 Oxtongue Lake Road, Algonquin Highlands (McClintock), Ontario, P0A1H0

Listed 50 days ago
Overview

This business in Algonquin Highlands is for sale. It has been on the market 50 days, fresher than the Algonquin Highlands average of 85 days.

Description

An exceptional opportunity to own a truly special cottage resort on pristine Oxtongue Lake, in one of Ontario's most sought-after recreational destinations near world-renowned Algonquin Park. Cloverleaf Cottages has become one of the area's most popular resorts with 13 distinctive cottages (3 winterized) , immaculate gardens and grounds, extensive guest amenities, substantial waterfront, excellent income, and exceptionally loyal, repeat clientele. Property features an office with store, main building which could be utilized for an owner or manager's home, two-car garage, coin-op laundry facilities, multiple gazebos with incredible vantage points throughout, charming gathering spaces, and a popular kid's playground with basketball court. Consists of eight (2) bedroom cottages, four (3) bedroom cottages, and one cozy (1) bedroom cottage. Several are located right on the waterfront. All cottages are uniquely designed and furnished and include a fully-equipped kitchen, satellite tv, wireless internet, deck with outdoor furniture and bbq. Canoes, pedal boats and kayaks are available for guest use. All of this is exactly why this resort boasts full occupancy from mid-May to mid-October. 450 feet of waterfront and 3.9 acres of land, right on the lake. Swimming, boating, fishing, paddling and lakeside relaxing are all right here. Shopping and dining in nearby Dwight, historic downtown Huntsville is 25 minutes away. Algonguin Park allows for even more hiking and recreational opportunities. ATV and snowmobile trails down the road. Whether you are an experienced resort operator, investor, entrepreneur or family seeking a business that combines income with an extraordinary lifestyle, this is a rare opportunity to acquire a resort that has clearly been loved and exceptionally well cared for. (id:66096)

Property Details

MLS®
X13797028
Property Type
Business
Business Type
Accommodation
Zoning
C3
Lot Size
3.89 acres
Frontage
500 ft
Heating
Baseboard heaters
Cooling
Partially air conditioned
Waterfront
Yes
Property Tax
$6,809.83/yr
Listed
50 days ago

Market Timing

Days on market
50d
Algonquin Highlands (McClintock) listings, avg age
85d
List price
$4.80M

Long Listed: 50 days on market, against an average age of 85 days across the listings currently for sale in this city

Homes here sell below asking price

Homes in this market sold for an average of 92.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This business in Algonquin Highlands (McClintock) has been listed for 50 days, which is 35 days fresher than the city average of 85. Act while there is still low competition.

Listed by RE/MAX Professionals North · KIM GORDON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $4,800,000, about 70.6× the local median household income of $68,000.

Carrying it typically needs a household income of about $937,608 (20% down, 25-yr amortization, stress-tested) — roughly 1279% above the area median.

Median household income
$68,000
Population
17,822
Median age
56.8
Owner / renter
87% / 13%
Avg. household size
2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$4,800,000
For sale

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$4,800,000

Algonquin Highlands

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