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    For Sale - 3 Lena Street, Lake of Bays, Ontario

    Est payment $6,002/mo
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    Views   2
    Time on Jump  61 day

    AI Summary *

    • Unique mixed-use property in a vibrant Muskoka community near Lake of Bays.
    • Set on a level 0.82-acre lot with two separate buildings and services.
    • Four self-contained apartments providing immediate rental income from one tenant.
    • Commercial building offers 3,000 sq. ft. with multiple storefronts and storage.
    • Great investment potential for residential, commercial, or mixed-use development.




    Exceptional investment & development opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant muskoka community just minutes from beautiful lake of bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0. 82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals). The lena street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The bridge street commercial building offers approximately 3,000 sq. Ft. Of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. Ft. Addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to highway 117, and close proximity to lake of bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of muskoka's growing communities with unlimited potential!
    Listing IDX13625700
    Address3 Lena Street
    CityLake of Bays, Ontario
    Price$1,250,000
    Bath2 Full
    StyleCommercial Retail
    Land Size0.82
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailOutdoor Features NoneCommunity Features Major HighwayHeating / Cooling BaseboardSewer Sanitary

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    Listing Brokerage: Royal LePage Lakes Of Muskoka Realty

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    Lake of Bays , Ontario
    2 $1,250,000
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