2832 60 Highway, Lake of Bays (Franklin) - Business for Sale
2832 60 Highway, Lake of Bays (Franklin), Ontario, P0A1H0
This business in Lake of Bays is for sale offering roughly 6,500 sq ft of space. It has been on the market 185 days, fresher than the Lake of Bays average of 206 days.
Description
Looking for a great investment property, look no further! This 1.4 acre with 298.4 frontage on Highway 60 in Downtown Dwight, steps away from the public Dwight beach on beautiful Lake of Bays with sandy beach area, boat launch and public docking. This property is home to a few different businesses with amazing traffic flow year-round as it is on the route to the famous worldly known Algonquin Provincial Park which makes this an attractive investment. There's a large 2 story building that Erika's Bakery/Coffee Shop is located in, Erika's Bakery business is not included in sale, however is negotiable. 2nd floor to the building has extra stock rooms, 4pc bathroom, offices, board room, kitchen and laundry. The property has 3 other businesses that are fully leased in a long seperate building - long strip mall like with their own entrances, bathrooms, septic system, and fibre internet. Great traffic flow for any business and definitely a hub of this little community. Halfway between Huntsville & Algonquin Provincial Park makes a great destination stop. Live, work and play in Muskoka, Lake of Bays. Public school, stores, gas station, public library, community centre only a few kms. away. Post Office, grocery store, pharmacy, gift shops all within walking distance. Golf courses, ski hill, and great restaurants in the area with a new up and coming large housing development just minutes away. A great opportunity, high visibility, awesome location with constant traffic flow. (id:66096)
Property Details
- MLS®
- X13084486
- Property Type
- Business
- Zoning
- C1
- Interior Size
- 6,500 ft²
- Lot Size
- 1.40 acres
- Frontage
- 298 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $5,057/yr
- Listed
- 185 days ago
Services
- Water
- Drilled Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 185 days on market, against an average age of 206 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 62 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 185 days, which is 21 days fresher than the city average of 206. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0A)
This home lists at $1,399,000, about 20.6× the local median household income of $68,000.
Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 302% 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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$1,399,000
Lake of Bays