$3,888,888
Muskoka Lakes
96 Joseph Street, Muskoka Lakes (Medora), Ontario, P0B1J0
This retail property in Muskoka Lakes is for sale offering roughly 3,800 sq ft of space. It has been on the market 43 days, fresher than the Muskoka Lakes average of 94 days.
EXCEPTIONAL WATERFRONT COMMERCIAL & LIFESTYLE OPPORTUNITY | HEART OF PORT CARLING set on an approximately 200-foot-deep lot in a coveted waterfront setting in the heart of Port Carling. This exceptional approx. 3,800 sq. ft. freestanding property offers a rare combination of commercial opportunity, residential flexibility, income potential and Muskoka lifestyle.The approx. 1,500 sq. ft. street-level commercial space features an inviting retail environment, 2 storage areas and 2 bathrooms, offering an ideal setting for a premium retail concept, professional office, boutique, studio or other commercial use.The approx. 1,500 sq. ft. upper level, with its own separate entrance, provides a comfortable residential component featuring 3 bedrooms, a 3-piece bathroom, kitchen and laundry. Perfect for an owner-occupier, additional rental income, staff accommodation or a highly desirable live/work arrangement.An additional approx. 800 sq. ft. unfinished walkout basement offers valuable storage and future expansion potential, with convenient access to the rear of the property and the waterfront setting, including proximity to the iconic Port Carling Locks connecting Lake Muskoka and Lake Rosseau.Winterized for year-round use, this versatile property offers the opportunity to generate income while enjoying the flexibility of a Muskoka residence. Operate your business from the main level, rent or occupy the upper residence, or create the ultimate seasonal retreat. Spend summers in Port Carling, escape south for the winter, or make Muskoka your full-time home.Located in one of Muskoka's most sought-after communities, this is a truly distinctive opportunity to combine business, investment, residential use and the Muskoka lifestyle in one exceptional property.A rare chance to own a prominent freestanding property in the heart of Port Carling - where commercial opportunity meets waterfront living. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 94 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 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Muskoka Lakes (Medora) has been listed for 43 days, which is 51 days fresher than the city average of 94. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,888,888, about 43.2× the local median household income of $90,000.
Carrying it typically needs a household income of about $759,636 (20% down, 25-yr amortization, stress-tested) — roughly 744% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →