$1,799,999
Lake of Bays
25754 35 Highway, Lake of Bays (Franklin), Ontario, P0A1H0
This retail property in Lake of Bays is for sale offering roughly 4,500 sq ft of space. It has been on the market 122 days, fresher than the Lake of Bays average of 206 days.
Prime Muskoka commercial opportunity featuring a newer 4,500 sq. ft. multi-unit building on 3.6 level acres with excellent highway visibility in Dwight. Two units are currently leased, while the 3,124 sq. ft. owner space can easily be divided into three separate units to increase income potential. C-1 zoning allows for retail, offices, restaurants, health & wellness, storage, and many other uses. The generous lot offers significant room for future expansion, including additional buildings and a residential dwelling. Positioned for growth with new housing developments bringing more year-round residents to complement strong tourist traffic, the property is surrounded by village amenities and is just 15 minutes from Huntsville or Algonquin Park. Current owners are retiring their honey and wine meadery business - bring your vision and expand. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 122 days on market, against an average age of 206 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 62 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 122 days, which is 84 days fresher than the city average of 206. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,999, about 26.5× the local median household income of $68,000.
Carrying it typically needs a household income of about $351,603 (20% down, 25-yr amortization, stress-tested) — roughly 417% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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