For Sale

1037 MILFORD BAY Road, Muskoka Lakes, Ontario P0B1E0

$2,998,000

1037 MILFORD BAY Road, Muskoka Lakes, Ontario P0B1E0 is For Sale and has a listing price of 2,998,000. The property is located in the Muskoka Lakes neighbourhood. It's been on the website for 76 Days.

  • Hospitality
    Property Type
  • MLS ID: 40642296
  • Office Name PSR Brokerage, Gravenhurst,PSR Brokerage, Gravenhu
Property Description

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! (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: 40642296
  • Price: $2,998,000
  • Transaction Types: For Sale
  • Ref ID: 27371542
  • Year Built: N/A
  • Property Type: Hospitality
  • Property Type: Commercial
  • Property Sub Category: Hospitality
Price History
List Date MLS ID List Price Status End Date Closed Price
09/05/2024 40642284 $2,998,000 For Sale - -
09/05/2024 40642296 $2,998,000 For Sale - -
09/05/2024 40642207 $2,998,000 For Sale - -
09/05/2024 X9301879 $2,998,000 For Sale - -
09/05/2024 X9301877 $2,998,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Muskoka Lakes
  • $1,807,526 Average List Price
    based on 1 year
  • 34 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 159.03 % Up
  • Sold (12mo) 40
  • Rented (12mo) 1

  • 1 Month Change +38.7%
  • 3 Month Change +48.6%
  • 6 Month Change +51.0%
Walkscore
Property Type Distribution
  • All Houses
    73.92%
  • Commercial
    11.08%
  • Condo
    10.06%
  • Land for Sale
    4.94%
Additional Details
  • Sewers Septic System
  • Basement2 Crawl Space
  • Water Lake/river Water Intake
  • Exterior Concrete, Stone
  • Property Features Visual Exposure
  • Waterfront: Waterfront
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 05/09/2024 00:00:00
  • Zoning Bp2a
  • Agent Name: Steve Haid,Joshua Chisvin
  • Address Subdivision: Monck (Muskoka Lakes)
  • Last Updated: 05/09/2024 19:00:47
Open House Dates
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