1037 Milford Bay Rd

Muskoka Lakes | | P0B 1E0
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$2,998,000

Est. Mtg $10,165 /mo
  • Days on market

    80

  • Status

    New

Listing Broker PSR
Since listed: 1 views

Home details

MLS #:

X9301877

Property type:
Multiplex
Style:
2-Storey
Taxes:
$5,421
Possession:
Flexible
Lot Front:
145.0   Feet
Lot Depth:
312.0   Feet
Basement:
Crawl Space |
Driveway Pkg:
12
Heat:
Electric | Baseboard

Description


1037 Milford Bay Rd, , Muskoka Lakes, Ontario is a Multiplex property in Muskoka Lakes and in the community in the P0B 1E0 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2024-06 2024-08 $3,099,000 $3,099,000 Ter X8400316
2024-09 2024-10 $2,998,000 $2,998,000 New X9301877
2024-08 $3,099,000 $3,099,000 X8400308
2024-10 $2,998,000 $2,998,000 X9301879
2024-06 $3,150,000 $3,150,000 X8242234

Comparables

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sold Date Address List Price sold Price DOM
2024-10 113 Lakeshore Rd, $175,000 $163,000 56
2024-02 29 Lincoln Ave, $599,900 $568,000 20
2024-01 33 Centre St, $2,300,000 $2,100,000 78
2021-12 29 Laren St, $2,500,000 $2,250,000 120
2020-12 123 Lingham St, $1,085,000 $1,215,000 29
2020-11 245 Detroit St, $1,500,000 $1,400,000 30

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Muskoka Lakes :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 1037 Milford Bay Rd

Based on available 3rd party data

$10752

Approximate costs per month

Mortgage
$10165 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$451 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Beach
  • Golf
  • Hospital
  • Lake/Pond
  • School
  • Waterfront
Listing Broker PSR
Data Source: TRREB

Payment calculator

$10617 monthly. In association with: TD Bank
%
  • Principal and Interest
    10165 /mo
  • Property Taxes
    $451 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ben Pourkamali, Realtor

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