1037 MILFORD BAY Road (40540945)

$3,150,000
Make your dream of Lake Muskoka ownership a reality! This 11 unit, fully renovated, lakefront resort ticks all the boxes. 150 ft of gently sloping beach greets you at the water’s edge. Docking for several boats and a sprawling level parklike beach area encompasses your future vacation home or investment. Located conveniently in prestigious Milford Bay, this paradise invites you to push your vacation expectations to the limit. Visitors can enjoy boating, watersports, swimming, hiking, elegant dining, quaint shopping, it is a world-renowned destination. Once experienced, the allure of Muskoka will take your breath away. Investors and tourists alike flock to this pristine outdoor enthusiast’s heaven. Abutting the property on the east is majestic Huckleberry Rock providing ample trails with eye popping views of Lake Muskoka. Bracebridge is a short drive east and Port Carling is just a boat ride or 10-minute drive west. The professionally redone lodge has easy access from the walkout side and the upper drive provides direct access to the second floor. Enjoy sunsets from the western exposure at the waterfront. All units are fully rented and in high demand with no vacancies, creating an excellent cashflow (financials are available at a showing with a signed non-disclosure agreement.) This unique opportunity is governed by the Innkeepers Act (not the Landlord and Tenants Act) providing the owner with freedom to rent daily, weekly or monthly. The unit breakdown is as follows: 4-studio aprtmnts, 2-1 bdrm, 4-2 bdrm, 1-4 bdrm (a 12th unit is currently used for storage). An on-site coin laundry generates additional revenue. Book an appointment to view this one of a kind chance to become an owner on the largest most significant lake in Muskoka. This is a perfect scenario for the discerning buyer to use the 4 bdrm, 3 bth unit for their own, luxury use, while having the remaining 10 units produce ample income to offset the fixed and variable costs including a mort! (id:35324)

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    Details

    Property
    1037 MILFORD BAY Road
    City: Milford Bay, Ontario, Canada
    Size: 6312
    Utilities
    Central Air: No
    Heat Source: N/A
    Heat Type: N/A
    Sewer: Septic System
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