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3068 Muskoka Rd 169 4,209 SF Retail Building Muskoka Lakes, ON P0C 1M0 $2,484,221 USD ($590.22 USD/SF)
Investment Highlights
- Property with very profitable business included.
- Includes residential unit upstairs.
- Lakefront property with patio.
- Recent complete renovation.
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,209 SF
Building Class
C
Year Built
1979
Price
$2,484,221 USD
Price Per SF
$590.22 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.25 AC
Frontage
124’ on Muskoka Rd
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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3068 Muskoka Rd 169
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