1066 & 1070 MAIN STREET, Lake of Bays (Ridout)1066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 21066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 31066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 41066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 51066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 61066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 71066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 81066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 91066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 101066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 111066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 121066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 131066 & 1070 MAIN STREET, Lake of Bays (Ridout) — photo 14
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For Sale · Retail

1066 & 1070 MAIN STREET, Lake of Bays (Ridout)

1066 & 1070 MAIN STREET, Lake of Bays (Ridout), ON P0A1E0

$5.0M total

9,000 SF

Asset Class

Retail

Size

9,000 SF

Building class

C

Zoning

CSC — Shopping Centre

$ / SF

$555

Occupancy

88%

About this property

A once in a lifetime opportunity to put your stamp on cottage country in the picturesque Village of Dorset with your very own waterfront business and residence on Lake of Bays. This fabulous 4,500 sq. ft., 3 bedroom 4 bathroom living space looking down Lake of Bays is coupled with extensive commercial and storage space. Adding additional value is a second property and commercial building on the waterfront, currently operating as a lucrative ice cream and frozen yogurt parlour. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5.00M
Down payment30% · $1.50M
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$249K

Annual cash flow

$-28K

Cash-on-cash

-1.86%

DSCR

0.90

Going-in cap

4.98%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners5,187 SF2034-08
Halcyon Wealth Partners1,802 SF2034-08
Halcyon Wealth Partners623 SF2034-08
Halcyon Wealth Partners400 SF2034-08

Area demographics

Trade area within 3 miles of the property.

Population

73,891

Households

31,941

Median income

$117,500

Median age

36.1

Daytime population

98,135

5-yr growth

7.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1066 & 1070 MAIN STREET, Lake of Bays (Ridout).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.