Active

1037 Road

Milford Bay Ontario, P0B1E0

$3,150,000


$499.05 per sqft

Active

6,312 sqft

Commercial

 Courtesy of Keller Williams Experience Realty, Brokerage (Unit B) 

Make your dream of Lake Muskoka ownership a reality! This 11 unit, fully renovated, lakefront resort ticks all the boxes. 150 ft of gently sloping beach greets you at the water's edge. Docking for several boats and a sprawling level parklike beach area encompasses your future vacation home or investment. Located conveniently in prestigious Milford Bay, this paradise invites you to push your vacation expectations to the limit. Visitors can enjoy boating, watersports, swimming, hiking, elegant dining, quaint shopping, it is a world-renowned destination. Once experienced, the allure of Muskoka will take your breath away. Investors and tourists alike flock to this pristine outdoor enthusiast's heaven. Abutting the property on the east is majestic Huckleberry Rock providing ample trails with eye popping views of Lake Muskoka. Bracebridge is a short drive east and Port Carling is just a boat ride or 10-minute drive west. The professionally redone lodge has easy access from the walkout side and the upper drive provides direct access to the second floor. Enjoy sunsets from the western exposure at the waterfront. All units are fully rented and in high demand with no vacancies, creating an excellent cashflow (financials are available at a showing with a signed non-disclosure agreement.) This unique opportunity is governed by the Innkeepers Act (not the Landlord and Tenants Act) providing the owner with freedom to rent daily, weekly or monthly. The unit breakdown is as follows: 4-studio aprtmnts, 2-1 bdrm, 4-2 bdrm, 1-4 bdrm (a 12th unit is currently used for storage). An on-site coin laundry generates additional revenue. Book an appointment to view this one of a kind chance to become an owner on the largest most significant lake in Muskoka. This is a perfect scenario for the discerning buyer to use the 4 bdrm, 3 bth unit for their own, luxury use, while having the remaining 10 units produce ample income to offset the fixed and variable costs including a mort! (id:41202)

40540945

MLS ID

February 16, 2024

Listed

May 9, 2024

Updated

Map

1037 Road
Milford Bay Ontario, P0B1E0

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.2 Acres


Sewer

Septic System

Other Property Details

Garage

No


Parking Total

27


View

No


Pool

No


Waterfront

Yes

Courtesy of Keller Williams Experience Realty, Brokerage (Unit B), Mark Jurgeneit,
Listing Contact: (705) 205-3279 

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