4328 Melody Lodge Lane, Frontenac (Frontenac South) - Business for Sale
4328 Melody Lodge Lane, Frontenac (Frontenac South), Ontario, K0H2N0
This business in Frontenac is for sale. It has been on the market 63 days, fresher than the Frontenac average of 70 days.
Description
Melody Lodge is situated on Cranberry Lake which is attached to the beautiful Rideau Lakes system, It presents a rare and compelling waterfront investment opportunity, combining natural beauty with strong revenue potential. A few locks away, you will find yourself in the 1000 Islands waterway. The Lodge can offer year round rentals business. This is a multi-generational family compound offering seasonal or full time living. Great fishing and great winter activities. This exceptional property features 14 well-maintained rental cabins, perfectly positioned with water views and some along the water's edge, offering guests a tranquil and scenic retreat.The marina component is equally impressive, with over 50 boat slips accommodating a vibrant boating community, complemented by premium on-site marine fuel services conveniently located directly on the waterway. Enhancing the guest experience further, the property includes a fully equipped convenience store with an LCBO license, as well as a popular ice cream offering, creating multiple income streams and added appeal for both visitors and locals alike. Boasting approximately 1,800 linear feet of pristine waterfront, the setting is both expansive and picturesque, ideal for recreational enjoyment and future development possibilities. The property spans three separately titled parcels, providing flexibility and long-term value, and includes approximately 4 acres of residential land, 5.3 acres of commercially zoned land, plus an additional connected 2-acre residential lot. Currently generating gross revenues of approximately $400,000 over a six-month operating season, Experience fishing at it's best. With it's unique combination of accommodations, marina services, retail offerings, and significant land holdings, this property is exceptionally well-positioned for further growth and expansion. For additional information and pictures, please see the resort's web address at www.melodylodge.ca (id:66096)
Property Details
- MLS®
- X13744988
- Property Type
- Business
- Business Type
- Recreation
- Zoning
- SR
- Lot Size
- 10 acres
- Heating
- Baseboard heaters, Forced air
- Cooling
- Fully air conditioned
- Property Tax
- $6,000/yr
- Listed
- 63 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Dug Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 63 days on market, against an average age of 70 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 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Frontenac (Frontenac South) has been listed for 63 days, which is 7 days fresher than the city average of 70. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0H)
This home lists at $2,699,000, about 29.3× the local median household income of $92,000.
Carrying it typically needs a household income of about $527,209 (20% down, 25-yr amortization, stress-tested) — roughly 473% above the area median.
- Median household income
- $92,000
- Population
- 47,286
- Median age
- 51.2
- Owner / renter
- 91% / 10%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0H)
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$2,699,000
Frontenac