$1,999,900
Algonquin Highlands
2029 LITTLE HAWK LAKE Road, Algonquin Highlands, Ontario, K0M1S0
This other in Algonquin Highlands is for sale offering roughly 8,308 sq ft of space. It has been on the market 21 days, fresher than the Algonquin Highlands average of 120 days.
Boutique Lodge on Little Hawk Lake. Zoned C3 for Recreational or Tourist Commercial with approx. 100k income before a single room is booked, from the 60 slip docking system and parking operation. Formerly run as a restaurant and lodging, the property consists of a main lodge, guest cottage, commercial dock system, parking lot and detached workshop. The main lodge includes: 6 ensuite units, a luxury 3 bedroom loft, vast living and dining spaces, commercial kitchen and a stunning Muskoka room. Added income from a separate 2 bed cottage and a detached workshop w/ loft. The lodge offers over 8,000 sqft of year-round accommodation on 3.5 acres. Upgraded mechanicals include Metal roof, commercial-grade water filtration, forced air, heat pumps and fireplaces for four-season operation. Multiple ways to own it: Owner-Operator: run the lodge yourself with a commercial kitchen for meals, events and nightly and group bookings, Expand the marine business The current owner also does another $50+k per year in boat storage/maintenance. Ideal for the buyer who wants a cash flowing business on the lake. Hands-Off: Investor: Bring in property management to handle bookings, guests and slip rentals. Rent the units individually or as a full-property group booking. The marine business and parking income keeps working while you stay out of the day to day. Ideal for the buyer who wants a waterfront asset without the daily workload. About 20 minutes to Minden and 30 minutes to Haliburton village, four-season demand driven by Sir Sam’s, OFSC snowmobile trails (B trail passes right by the property, part of the “Round Algonquin Park Tour), Haliburton Forest and Algonquin Park. Request the detailed hypothetical pro formas. Established income, multiple revenue streams, and the flexibility to operate on your terms, this is a rare opportunity to build something exceptional on Little Hawk Lake. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 21 days on market, against an average age of 120 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 93.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This other in Algonquin Highlands has been listed for 21 days, which is 99 days fresher than the city average of 120. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,999,900, about 25.0× the local median household income of $80,000.
Carrying it typically needs a household income of about $390,650 (20% down, 25-yr amortization, stress-tested) — roughly 388% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0M)
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