2883 HWY 60 Highway, Lake of Bays (Franklin) - Business for Sale
2883 HWY 60 Highway, Lake of Bays (Franklin), Ontario, P0A1H0
This business in Lake of Bays is for sale offering roughly 105 sq ft of space. It has been on the market 98 days, fresher than the Lake of Bays average of 212 days.
Description
Rare opportunity to acquire a profitable, well-established turnkey campground with built-in upside on 104 acres in the heart of Muskoka. Algonquin Pines offers 113 campsites, including 15-, 20- and 30-amp serviced sites with water, premium pull-through and private back-in sites, and unserviced sites ideal for tents or self-sufficient trailers. Three beautifully appointed glamping sites and a fully equipped rental cabin provide additional accommodation options. Beautifully treed grounds offer privacy and an authentic Muskoka experience, while substantial flat, cleared land provides exceptional expansion potential. Zoned for up to 200 campsites, the property offers significant opportunity to expand its accommodations and amenities, subject to buyer due diligence, permits, and municipal approvals. Improvements include a 4-bedroom year-round residence, office and retail camp store with an upper-level apartment, staff accommodations, renovated washrooms and showers, coin laundry, covered pavilion, playground, 9-hole mini-golf, basketball and volleyball courts, off-leash dog park, RV dump station, storage buildings, maintained walking trails and generous recreation areas. Prominent Highway 60 exposure, minutes from Dwight Beach, Lake of Bays, parks and trails, and just 20 minutes to Huntsville and 15 minutes to Algonquin Provincial Park. An outstanding opportunity for an owner-operator or hospitality investor seeking an established Muskoka destination with meaningful development upside. *Full information package and financials are available to qualified buyers upon approval and execution of an NDA.* (id:66096)
Property Details
- MLS®
- X13615682
- Property Type
- Business
- Business Type
- Recreation
- Zoning
- Commercial
- Interior Size
- 105 ft²
- Lot Size
- 104 acres
- Frontage
- 1,388 ft
- Heating
- Other
- Cooling
- Partially air conditioned
- Garage
- Other
- Property Tax
- $3,197.41/yr
- Listed
- 98 days ago
Features
- Lot Features
- Irregular lot size
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 98 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 98 days, which is 114 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 $2,790,000, about 41.0× the local median household income of $68,000.
Carrying it typically needs a household income of about $544,985 (20% down, 25-yr amortization, stress-tested) — roughly 701% 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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$2,790,000
Lake of Bays