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$1,250,000
Available - For Sale
Listing ID: X13625700
Exceptional Investment & Development Opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant Muskoka community just minutes from beautiful Lake of Bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0.82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals).The Lena Street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The Bridge Street commercial building offers approximately 3,000 sq. ft. of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. ft. addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to Highway 117, and close proximity to Lake of Bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of Muskoka's growing communities with unlimited potential!
Price $1,250,000
Minimum Rental Term: 0
Taxes: $6,005.37
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 3 Lena Street , Lake of Bays, P0B 1A0, Muskoka
Postal Code: P0B 1A0
Province/State: Muskoka
Legal Description: Pt lt 17, Con 7
Directions/Cross Streets: Lena Street and Bridge Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: .82
Total Area Code:  Acres
Office/Appartment Area: 3000
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Approximatly Age: 51-99
Franchise: F
Days Open: O
Maintenance: 0
Sprinklers: No
Outside Storage: F
Rail: N
Crane: F
Soil Test: No
Clear Height Feet: 9
Bay Size Length Feet: 0
Truck Level Shipping Doors #: 0
  Height Feet: 0
  Width Feet: 0
Double Man Shipping Doors #: 0
  Height Feet: 0
  Width Feet: 0
Drive-In Level Shipping Doors #: 0
  Height Feet: 0
  Width Feet: 0
Grade Level Shipping Doors #: 0
Height Feet: 0
Width Feet: 0
Heat Type: Baseboard
Central Air Conditioning: No
Sewers: Sanitary
Water: Water Sys
Water Supply Types: Water System
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Royal LePage Lakes Of Muskoka Realty

3 Lena Street , Lake of Bays, P0B 1A0, Muskoka

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Commercial Retail
Area: Muskoka
Municipality: Lake of Bays
Neighbourhood: Mclean
Style:
Lot Size: x 132.00(Feet)
Approximate Age: 51-99
Tax: $6,005.37
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908