48 WILSON LAKE Crescent, Parry Sound Remote Area (Port Loring) - Business for Sale
48 WILSON LAKE Crescent, Parry Sound Remote Area (Port Loring), Ontario, P0H1Y0
This business in Parry Sound Remote Area is for sale offering roughly 4,000 sq ft of space.
Description
Discover The Port Shores, a distinguished lakeside business at 48 Wilson Lake Crescent, Port Loring part of the Pickerel River system. This thriving staple in the Parry Sound Region lake community offers significant growth potential. Operating seasonally from May through October, The Port Shores features a range of amenities for both locals and visitors. The Lakeview Cafe offers stunning views and a cozy atmosphere, while Tommy's Food Bar serves casual fare. Saturdays, the on-site gift shop, offers unique finds. Additionally, the property includes a meeting room ideal for intimate weddings, ceremonies, parties, and business meetings. Additionally, 3 pontoon boats for lake tours are included, offering a lucrative opportunity to enhance guest experiences and generate additional revenue. The upper level includes a spacious 1,300 sq. ft. two-bedroom apartment, offering on-site accommodation or rental potential. The business is well-established with a solid customer base. Vendor take-back financing is available for a portion of the purchase price. The current owners are committed to a smooth handover, offering to stay on for a season to assist with operations. The property spans 1.8 acres, allowing for additional rental cottages, supported by the existing engineered septic bed and high-quality municipal water. Expansion is encouraged, with grounds primed for 4-5 additional cottages, ideal for Airbnb rentals. There is also an opportunity to extend the operational season to capitalize on local demand and snowmobile traffic in winter months. Adjacent waterfront property is available for purchase, presenting an unparalleled opportunity to expand the footprint of this already impressive venture. The Port Shores is a rare opportunity to own a versatile and expandable business in one of Ontario's most scenic locales. Whether you're looking to invest in a flourishing business, develop a lakeside resort, or enjoy both, The Port Shores offers limitless possibilities. (id:66096)
Property Details
- MLS®
- X12980830
- Property Type
- Business
- Zoning
- Unorganized
- Parking
- 30
- Interior Size
- 4,000 ft²
- Lot Size
- 193 × 528 ft (2.33 acres)
- Frontage
- 193 ft
- Heating
- Other
- Cooling
- Fully air conditioned
- Property Tax
- $10,300/yr
- Listed
- 210 days ago
Services
- Water
- Municipal water
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 210 days on market, against an average age of 159 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 75 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 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Parry Sound Remote Area (Port Loring) 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 (P0H)
This home lists at $2,800,000, about 35.0× the local median household income of $80,000.
Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 584% above the area median.
- Median household income
- $80,000
- Population
- 31,909
- Median age
- 50.8
- Owner / renter
- 87% / 14%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA P0H)
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$2,800,000
Parry Sound Remote Area