202 LAKESHORE Drive, Machin (TB-532) - Business for Sale
202 LAKESHORE Drive, Machin (TB-532), Ontario, P0V2V0
Description
Vermilion Bay Lodge, established in 1991, is located on the shores of Eagle Lake in Northwestern Ontario. The lodge offers access to diverse fishing opportunities, including walleye, northern pike, musky, smallmouth bass, and lake trout. Accommodations consist of nine well-maintained housekeeping cabins, each equipped with private baths, fully stocked kitchens, and comfortable single beds. Guests can enjoy decks overlooking the lake, providing a comfortable and scenic retreat. Amenities include a protected dock area within a natural creek channel, ensuring safe mooring in all weather conditions. Rental options feature 18-foot Aluminum boats with 40 HP Yamaha motors, fish locators, and bow-mounted trolling motors. The main lodge serves as a central gathering place, featuring a granite fireplace, rustic log furniture, and displays of trophy catches. Additional activities such as swimming, paddle boating, canoeing, and evening bonfires cater to families and individuals alike. If you have been looking for your own business or a business retreat or a place your entire family can vacation then look no further. This property and cabins are meticulously maintained and the pride in ownership is evident as you tour the grounds. (id:66096)
Property Details
- MLS®
- X13257690
- Property Type
- Business
- Business Type
- Accommodation
- Lot Size
- 12 acres
- Frontage
- 1,000 ft
- Basement
- Other, See Remarks, N/A
- Waterfront
- Yes
- Property Tax
- $8,070.19/yr
- Listed
- 415 days ago
Features
- Lot Features
- Irregular lot size
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 415 days on market, against an average age of 413 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 98.0 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Machin (TB-532) 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 (P0V)
This home lists at $1,550,000, about 21.7× the local median household income of $71,500.
Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 323% above the area median.
- Median household income
- $71,500
- Population
- 22,944
- Median age
- 30.8
- Owner / renter
- 77% / 23%
- Avg. household size
- 3.1
Source: Statistics Canada, 2021 Census (FSA P0V)
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$1,550,000
Machin