3068 Muskoka Rd 169 - Restaurant FOR SALE


Muskoka Lakes, ON P0C 1M0
$3,499,000 CAD
416-618-0054

NO PHOTO

$3,499,000 CAD
Restaurant - FOR SALE
null | Request Cap Rate

3068 Muskoka Rd 169
Muskoka Lakes, ON P0C 1M0


HIGHLIGHTS

  • Property with very profitable business included.
  • Lakefront property with patio.
  • Includes residential unit upstairs.
  • Recent complete renovation.

OVERVIEW

Property and a very profitable business in downtown Bala Muskoka with 124 feet of lakefront and a patio right on the water! Boat parking? You bet. This is the premier restaurant on Lake Muskoka and brings in the best clientele with a very high average cover. Just steps from the infamous Kee to Bala and residential unit upstairs. Incredible opportunity to own property on Lake Muskoka and purchase a very profitable business that is firmly established. This building has been completely renovated including brand new leaseholds, equipment, and systems including reinforced concrete heated flooring and more. Big liquor license of 94 with 30 on the gorgeous northwest facing lakeside patio. Lakeside is only a 45-minute distance by vehicle from Orillia, Bracebridge, Parry Sound and Midland. The location is on the same shore as the famous “The KEE to Bala” a historic concert hall. On concert nights Lakeside Bala can be extremely busy with reservations and walk-in traffic. The town also supports the Cranberry Festival and Oktoberfest in October. The Cranberry Festival can bring over 30,000 participants into the town over the three- day period which always follows the Canadian Thanksgiving weekend. Lakeside Bala has become the go to location for local events in town such as corporate Christmas or seasonal parties and club events such as the Curling Club. We have also hosted many small weddings and dress rehearsal parties of 40 to 50 people in the boathouse dining room. Property Details: While having a very long history this building has been completely renovated and has new systems and foundation throughout.

FOR SALE DETAILS

PRICE

$3,499,000 CAD

PRICE/SF

$831 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

445307000602900

ASK ABOUT THIS PROPERTY

Ryan EarlCarve Real EstateMore Info
416-618-0054

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Ryan EarlCarve Real EstateMore Info
416-618-0054

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.