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BrokerStudio
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Benefits
Asking Price
$4,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Muskoka Commercial Opportunity! Situated across the road from the expansive Dwight Beach and boat launch, this 8-ac commercial property offers breathtaking views of Lake of Bays. It boasts an incredible location with Hwy 60 frontage and presents itself as a year-round cottage resort. Lake of Bays is Muskoka's 2nd largest lake and has 365 miles of shoreline to explore. Furthermore, it holds enormous potential for further development, including various tourist endeavours. The area of Dwight is currently witnessing the construction of numerous large housing projects, which will not only enhance the existing cottage and tourist populations but also attract a significant year-round population. The charming village of Dwight offers a range of convenient amenities, such as local bakeries, restaurants, an LCBO, a grocery market with pharmacy, a gas station, garage, marinas, as well as unique shops, building/hardware store. Additionally, the area features various trails, including OFSC snowmobile & ATV trails, offering ample recreational opportunities. The community also boasts a public school, library, community centre, township office, churches, and a seniors recreation hall. Entrepreneurs and developers will find this location excellent, providing an ideal setting to bring their innovative ideas to life. With a large beach and boat launch across the road, the appeal of this property is unique! The property is conveniently located a 15-minute drive away from the town of Huntsville, the Limberlost Forest Reserve Trails, and world renowned Algonquin Park. With its strategic position and many advantages, this property offers a unique opportunity for those looking to embark on a venture in this remarkable region. See the VTour for a overview of the property and location. Structures include: 3000 sq ft lodge/home with 5 BR, 6 cottage units, 1 - 2 level cottage with 2 units, # of Cottage Bedrooms - 18. Other buildings - Large Barn. Call for the information package. (id:39198)
Location
Province
Ontario
City
Dwight
Address
2840 Highway 60 Route E
Postal Code
P0A1H0
Location Highlights
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Listed by
Re/Max All-Stars Realty Inc., Brokerage, Dwight Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
3,000
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$4,500,000
Asking Price
$4,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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