D550 Dam Road, Rainy River Remote Area (TB-402) - Business for Sale
D550 Dam Road, Rainy River Remote Area (TB-402), Ontario, P0W1E0
This business in Rainy River Remote Area is for sale.
Description
Rare opportunity to own a legacy fishing lodge in Northwestern Ontario! Established in 1929, this well-maintained drive-in lodge is located on the highly sought-after Clearwater–Pipestone Chain of Lakes, just north of Emo, ON, approximately one hour from the Fort Frances/International Falls border. Situated on nearly 6 acres of prime lakefront with sandy beach and stunning Northwestern Ontario scenery, this turnkey property offers exceptional business, retreat, or private ownership potential. Features include 5 fully furnished waterfront rental cabins, main lodge, 35-bed total capacity in main camp cabins, plus 2 licensed remote outpost cabins accommodating 8 & 10 guests. Ideal for fishing groups, corporate retreats, wellness getaways, large family gatherings, or cooperative ownership. Property highlights include new septic system, updated water system, Starlink high-speed internet, sauna, fish-cleaning facilities, laundry house, garage/workshop, docks in good condition, and turnkey cabins in excellent condition. Sale includes 7 Lund boats with 50HP Yamaha four-stroke motors, 6 smaller portage/outpost boats, ice maker, furnishings, linens, kitchen supplies, inventory, and remaining merchandise. (id:66096)
Property Details
- MLS®
- X13250756
- Property Type
- Business
- Business Type
- Accommodation
- Frontage
- 518 ft
- Basement
- Crawl space
- Heating
- Propane, Wood, Other
- Waterfront
- Yes
- Property Tax
- $1,953/yr
- Listed
- 163 days ago
Features
- Appliances
- Furniture
- Foundation
- Block
- Exterior
- Wood
- Lot Features
- Irregular lot size
Services
- Sewer
- Septic System, Holding Tank
- Utilities
- Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 163 days on market, against an average age of 139 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 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 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Rainy River Remote Area (TB-402) 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 (P0W)
This home lists at $1,500,000, about 19.6× the local median household income of $76,500.
Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 283% above the area median.
- Median household income
- $76,500
- Population
- 6,454
- Median age
- 42.8
- Owner / renter
- 85% / 15%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA P0W)
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$1,500,000
Rainy River Remote Area