1037 Milford Bay Road, Lake Muskoka
Property Overview - For sale
| Price | $ 3 150 000 | On the Market | 0 days |
|---|---|---|---|
| MLS® # | 40540945 | Type | |
| Bedrooms | Bed | Bathrooms | Bath |
| Waterfront | Lake Muskoka | Postal Code | P0B1E0 |
| Street | MILFORD BAY | Town/Area | Milford Bay |
| Property Size | 1.2 ac|1/2 - 1.99 acres | Building Size | 6312 ft2 |
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 waterâs 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 enthusiastâs 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:20829)
| Waterfront Type | Waterfront |
|---|---|
| Waterfront | Lake Muskoka |
| Size Total | 1.2 ac|1/2 - 1.99 acres |
| Size Frontage | 146 |
| Lot size | 1.2 |
| Ownership Type | Freehold |
| Sewer | Septic System |
| Zoning Description | C1C & CiD |
Building Details
| Stories | 2 |
|---|---|
| Property Type | Hospitality |
| Exterior Finish | Vinyl siding |
| Size Exterior | 6312 |
| Size Interior | 6312 ft2 |
| Utility Water | Lake/River Water Intake |
This listing of a Hospitality property For sale is courtesy of Mark Jurgeneit from Keller Williams Experience Realty Brokerage (unit B)
Information on Lake Muskoka
| Lake Muskoka is centrally located within the District of Muskoka with many significant areas located on and around its shores. Some of these areas include a gullery on Eleanor Island in the southern basin in addition to deer wintering yards along the northwestern shores. Hardy Lake Provincial Park is located on the northeastern shore as well as the Torrance Barrens which are situated nearby. | ||
| Lake Muskoka Size | 12100 Ha | 29900 acres |
|---|---|---|
| Lake Muskoka Perimeter | 269.00 km | 7519 miles |
| Island Shoreline | 209.00 km | 130 miles |
| Lake Muskoka Depth | 73 m | 39698 ft |
| Lake Muskoka Mean Depth | 18.00 m | 59 ft |
| Altitude of Lake Muskoka | 225 m | 738 ft |
| District | Lake Muskoka is in the District of Muskoka | |
| Municipality | Lake Muskoka is in the Municipality of Muskoka Lakes | |
| Township | Lake Muskoka is in the Township of Muskoka | |
| Drainage Basin | Muskoka River | |
| Wetland Area | 15% | |
| Watershed Area | 4600.0 km | 2858 miles |
| Water Clarity | Lake Muskoka has a water clarity of 3.60 m | 12 ft |
| Phosphorus content in water | 5.50 ug/L | |
Census Data of Muskoka Lakes Municipality
2016 Population of Muskoka Lakes: 6,5882011 Population of Muskoka Lakes : 6,707
Population Growth of Muskoka Lakes : -2 %
Total private dwellings in Muskoka Lakes : 9,343
Dwellings by residents in Muskoka Lakes : 2,914
Density of Muskoka Lakes : 2,914 per sq km
Land Area of Muskoka Lakes: 2,914 sq km
Muskoka Lakes is in the District of Muskoka
Census Data for The District of Muskoka
Population: 60,599 (2016) 4.5% increase over 2011 population of 58,017The total number of dwellings is 46,207 of which 25,431 are full time residents
The land area of Muskoka is 3,940 sq km's (1,521 sq miles) and has a density of 15 per sqare km
Data is from the 2016 Government Census