$2,195,000
Lake of Bays
1021 Marina Road, Lake of Bays (Franklin), Ontario, P1H2J6
This retail property in Lake of Bays is for sale offering roughly 1,800 sq ft of space. It has been on the market 93 days, fresher than the Lake of Bays average of 209 days.
Visit the REALTOR website for further information about this Listing. Situated on Lake of Bays, 447 ft of southwest shoreline, 4,800 sqft of usable space, fully renovated Lakehouse (1800 sq. ft), new shoreline guest cabin (500 sq ft) and fully renovated shoreline building with entertainment room, workshop and den (2500 sq. ft), great docking and decks, spectacular views, sunrises and sunsets. Nestled on a quiet, municipality maintained road with private boat launch. This property presents a unique opportunity zoned Waterfront Resort Commercial (WRC) for year round living, cottage or commercial use such as B&B, resort accommodations, boat and dock rentals, etc. Also, flat waterfront space for further development of a custom home or resort cabins/duplexes with township approval. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 93 days on market, against an average age of 209 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 retail in Lake of Bays (Franklin) has been listed for 93 days, which is 116 days fresher than the city average of 209. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,195,000, about 26.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $428,760 (20% down, 25-yr amortization, stress-tested) — roughly 423% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1H)
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