1326 Kawagama Lake Road, Algonquin Highlands (Sherborne) - Business for Sale
1326 Kawagama Lake Road, Algonquin Highlands (Sherborne), Ontario, P0A1E0
This business in Algonquin Highlands is for sale offering roughly 11 sq ft of space.
Description
Exceptional residential and/or commercial possibilies and opportunities abound on this unique, 10+ acre waterfront property with 1,200' on the Hollow River that has navigable boat access to MUSKOKA'S esteemed LAKE OF BAYS. Introducing a rare chance to own a piece of Cottage Country's iconic, maturely treed landscaped gems, located just minutes from the charming town of Dorset, Ontario. Currently home to the historic "Hollow Valley Resort" is now being offered for sale as a turnkey resort and land asset investment with lots of potential to expand the business under C3-3 zoning. This offering includes the land, a spacious and renovated main lodge of 4,000+ sq ft with 7 rentable bedrooms (each with their own ensuite bathrooms), large septic system, drilled well and all 12 existing buildings on site (with newer roofs). There is significant potential to have up to 30 cabins and future development. This 4~season property is currently undergoing a thoughtful revitalization, together with the vision of restoring it into a premier 5-star resort destination. Muskoka-Haliburton tourism is growing steadily year after year and the supply of waterfront properties becoming increasingly scarce, so now is the time to secure your place in one of Ontario's most desirable regions. Whether you're looking to hold for appreciation, develop, continue operating as a resort or retreat, OR use as an extended FAMILY COMPOUND, this is a land opportunity you won't want to miss. For visionary investors only, this is your chance to own an irreplaceable part of Cottage Country. Enjoy 1000's of acres of crown land nearby, scattered with trails for activities associated with each of the seasons! Begin your own story and memories here! Located 2.5 hours from Toronto. (id:66096)
Property Details
- MLS®
- X13529262
- Property Type
- Business
- Zoning
- C3-3
- Bathrooms
- 8
- Interior Size
- 11 ft²
- Lot Size
- 10 acres
- Frontage
- 1,260 ft
- Cooling
- None
- Property Tax
- $8,881,026/yr
- Listed
- 121 days ago
Services
- Water
- Drilled Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 121 days on market, against an average age of 100 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 93.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Algonquin Highlands (Sherborne) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0A)
This home lists at $2,399,900, about 35.3× the local median household income of $68,000.
Carrying it typically needs a household income of about $468,784 (20% down, 25-yr amortization, stress-tested) — roughly 589% 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)
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$2,399,900
Algonquin Highlands