$1,938,000

Pine Grove Cottages presents a unique opportunity to acquire an established waterfront commercial property offering approximately 460 feet of west-facing shoreline on Pine Lake, eight fully self-contained guest cottages and an owner's residence, all just minutes from Gravenhurst. Set on approximately 1.68 acres, the property features a sand beach, natural rock outcroppings, beautiful southwest exposure and convenient year-round access from Muskoka Road 169. The eight guest cottages are positioned throughout the property, many enjoying views over the lake. All buildings are in various states of repair and the property is being offered with the expectation that a new owner will undertake updating and improvements. Zoned Commercial Waterfront (CW-8) with site-specific provisions recognizing the existing buildings and uses, the property provides an established framework for continued commercial waterfront use. With substantial shoreline, an existing accommodation business, excellent access and close proximity to Gravenhurst, Pine Grove Cottages offers significant upside for an energetic new owner with the vision and resources to revitalize the property and capitalize on an increasingly difficult-to-find Muskoka waterfront commercial opportunity. (id:41202)