2801 Highway 60 Road, Lake of Bays (Franklin) - Business for Sale
2801 Highway 60 Road, Lake of Bays (Franklin), Ontario, P0A1H0
This business in Lake of Bays is for sale. It has been on the market 9 days, fresher than the Lake of Bays average of 212 days.
Description
LOCATION! Just 2.5 hours from Toronto and 10 minutes from world-famous Algonquin Provincial Park, this exceptional hospitality property is located in Dwight, the Gateway to Algonquin Park. Set on over 4 acres, mature grounds, this unique offering features a 10-room motel, a separate 2-bedroom cottage, and an attached manager's apartment with 2 bedrooms, kitchen, and hall and detached insulated double garage. Just a short stroll to Dwight Beach and scenic hiking trails. this property offers proven income and an established hospitality business, making it an ideal opportunity for an owner-operator or investor. Currently operated seasonally, with potential to explore year-round operations. A rare opportunity to own a distinctive Muskoka property in a prime location! Great online presence on various OTA and direct booking website. Consistent incomes in past few years and Low over head cost (id:66096)
Property Details
- MLS®
- X14115928
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- Rural commercial
- Lot Size
- 4.80 acres
- Frontage
- 457 ft
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $6,801/yr
- Listed
- 9 days ago
Features
- Appliances
- Microwave, Furniture
Features and services as supplied by the listing brokerage.
Market Timing
Active: 9 days on market, against an average age of 212 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Lake of Bays (Franklin) has been listed for 9 days, which is 203 days fresher than the city average of 212. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0A)
This home lists at $1,495,000, about 22.0× the local median household income of $68,000.
Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 329% 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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$1,495,000
Lake of Bays