$1,199,000

For sale

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2803 Highway 60 Highway East, Lake of Bays (Franklin) - Retail for Sale

2803 Highway 60 Highway East, Lake of Bays (Franklin), Ontario, P1H2J6

2,700 ft²223 × 219 ft (1.12 acres) lot sizeListed 91 days ago

Overview

1021 Marina Road, Lake of Bays (Franklin), Ontario, P1H2J6

1,800 ft²Lot size 447 × 240 ft (2.46 acres)

Listed by EASY LIST REALTY LTD.

25754 35 Highway, Lake of Bays (Franklin), Ontario, P0A1H0

For sale

121 days ago

$1.80M

25754 35 Highway, Lake of Bays (Franklin), Ontario, P0A1H0

3 ba21 pk4,500 ft²Lot size 3.67 acres

Listed by Re/Max All-Stars Realty Inc

$1,199,000

Lake of Bays

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This retail property in Lake of Bays is for sale offering roughly 2,700 sq ft of space. It has been on the market 91 days, fresher than the Lake of Bays average of 209 days.

Description

Ready to be a thriving restaurant and or gift shop once again. After a couple of years of rest and rehabilitation the property now awaits your entrepreneurial dreams and business plan. 3,000 sq ft building; seating for 50 inside and 33 outside on the patio. Conveniently located on busy hwy 60, 15 minutes from Huntsville and 12 minutes from the entrance way to Algonquin park, affords for high volume of travelers on a daily basis. Spectacular backdrop in the fall season. Conveniently located near snowmobile and ATV trails. Site approval for accessory dwelling. (id:66096)

Property Details

MLS®: X13638958
Property Type: Retail
Zoning: Rural Commercial
Interior Size: 2,700 ft²
Lot Size: 223 × 219 ft (1.12 acres)
Frontage: 223 ft
Cooling: None
Property Tax: $3,035/yr
Listed: 91 days ago

Services

Water: Drilled Well

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

91d

Lake of Bays (Franklin) listings, avg age

209d

Price / ft²

$444

List price

$1.20M

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.

Haho

This retail in Lake of Bays (Franklin) has been listed for 91 days, which is 118 days fresher than the city average of 209. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · Rick Cain

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1H)

This home lists at $1,199,000, about 14.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 186% above the area median.

Median household income: $82,000
Population: 18,099
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1H)

$1,199,000· $444/ft²

For sale

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