$2,998,000 FOR SALE

Investment

Lot: 145 x 312 ftTotal Area: 6,312 ft2 divisible
2023 Taxes: $5,420.96

1037 Milford Bay Rd
Muskoka Lakes, ON P0B 1E0 | Muskoka

Attention Muskoka Investors! Realize Your Dream Of Owning A Piece Of Lake Muskoka With This Fully Renovated, 11-Unit Lakefront Resort. Featuring 146 Feet Of Gently Sloping Beach, An Expansive Dock For Multiple Boats & A Sprawling, Level Parklike Beach Area, This Property Is Perfect For Both Personal Enjoyment And Investment Value. Nestled In Prestigious Milford Bay With Beautiful West Facing Sunsets, This Paradise Promises To Exceed Your Dream Vacation Expectations. Enjoy All That Muskoka Has To Offer With Boating, Water Sports, Swimming, Hiking, Elegant Dining & Quaint Shopping In This World-Renowned Destination. Adjacent To The Property, The Majestic Huckleberry Rock Offers Scenic Trails With Breathtaking Views Of Lake Muskoka. With Bracebridge A Short Drive To The East & Port Carling Just A Boat Ride Or A 10- Minute Drive To The West, Convenience Is At Your Doorstep. The Lodge, Professionally Renovated, Features Easy Access From The Walkout Side, While The Upper Area Provides Direct Access To The Second Floor. All Units Are Fully Rented & In Very High Demand, Ensuring Excellent Cash Flow. Governed By The Innkeepers Act Rather Than The Landlord And Tenant Act, This Unique Opportunity Offers The Owner The Flexibility To Rent Daily, Weekly, Or Monthly. The Resort Comprises Four Studio Apartments, Two One-Bedroom Units, Four Two-Bedroom Units, And One Four-Bedroom Unit With A 12th Unit Currently Used For Storage & On-Site Coin Laundry For Convenience & Additional Revenue. Furthermore, The Lake Muskoka Lodge Name & Business Can Be Transferred To The Newly Appointed Owner. This Is An Unparalleled Opportunity To Own Investment Property On Beautiful Lake Muskoka. The Options Are Endless, Whether You Plan To Rent The Entire Resort For Maximum Cash Flow, Occupy A Unit Yourself, Or Plan According To Your Life's Desires. Don't Miss This Very Rare Opportunity On Prestigious Lake Muskoka!

Extras
See Schedule C.

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Listed By PSR
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9301879
Last Updated Oct 04, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
Legal Description PT LT 26-27 CON 11 MONCK AS IN DM108235 (SECONDLY)
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $5,420.96
Tax Type Annual
Directions/Cross Streets Hwy 118W and Milford Bay Rd
Area Muskoka
Price History
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Detailed Information
Freestanding Y
Lot 145 x 312 ft
Total Area 6,312 ft2 divisible
Elevator None
Air Conditioning N
Basement Y
Garage Type None
Parking Spaces 18
Heat Type Baseboard
Sprinklers N
Sewers Septic
Utilities Y
Water Supply Types Lake/River
Water Other
Rail N
Lot/Bldg/Unit Code Lot
Zoning C1C & C1D
Seller Property Info Statement N

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