557 Lakeview Drive, Kenora (Norman) - Business for Sale
557 Lakeview Drive, Kenora (Norman), Ontario, P9N3P6
Description
Change of Latitude Marina, Located on Lake of the Woods Looking for a new business venture? This premium seasonal marina on Lake of the Woods could be it! Established and profitable, with a built-in customer base and a reputation for quality care, this unique property offers 86 boat dock slips, 25 Sea-Doo slips, 3 paved parking lots, a main clubhouse with manager’s residence, and a 2-bedroom, 1-bath rental house. The property includes a 2001 39’ Silverton Yacht with Crusader 7.4L gas engine, a 10’ Avon RIB Tender with 40HP engine and trailer, and all docks are equipped with hydro, water (City of Kenora), and internet. Dock B (yacht dock) features garbage removal and bi-weekly pump-out service, while 4 of the docks have hydraulic lifts. The marina operates May–October (weather dependent) and has been meticulously maintained by the owners. The clubhouse below the manager’s suite includes a 3-piece bathroom, extra fridge/freezer, common area with TV, and a coin-operated washer/dryer. With 210’ of Lake of the Woods frontage, this property offers exceptional exposure and a loyal clientele who return year after year. The rental house by Parking Lot C is currently vacant and ready to rent. It offers 833 sq. ft. of living space, 2 bedrooms, and 1 bathroom. This is a rare opportunity to acquire a turnkey marina with established income, quality infrastructure, and prime location on the Lake of the Woods. Full valuation reports are available to qualified buyers during due diligence. Fun Facts About Lake of the Woods: Spanning over 14,000 islands, it’s one of the largest freshwater lakes in North America. Known for world-class fishing, including walleye, northern pike, and smallmouth bass. Popular for boating, water sports, and stunning sunsets,a true year-round outdoor playground. (id:66096)
Property Details
- MLS®
- X13244230
- Property Type
- Business
- Business Type
- Recreation
- Frontage
- 210 ft
- Basement
- Full
- Heating
- Natural gas, Other
- Cooling
- Fully air conditioned
- Waterfront
- Yes
- Property Tax
- $3,279.34/yr
- Listed
- 266 days ago
Features
- Appliances
- All, Washer, Dishwasher, Dryer, Freezer
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Cable, Telephone, Natural Gas Available, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 266 days on market, against an average age of 170 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 102.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Kenora (Norman) 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 (P9N)
This home lists at $3,000,000, about 36.1× the local median household income of $83,000.
Carrying it typically needs a household income of about $586,005 (20% down, 25-yr amortization, stress-tested) — roughly 606% above the area median.
- Median household income
- $83,000
- Population
- 14,088
- Median age
- 43.6
- Owner / renter
- 72% / 28%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA P9N)
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$3,000,000
Kenora