For Sale · Multifamily

306 HIGHWAY 141 HIGHWAY, Huntsville (Stephenson)

306 HIGHWAY 141 HIGHWAY, Huntsville (Stephenson), ON P0B1M0

$599,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

100%

About this property

More Space. More Possibilities. One Property. Welcome to 306 Highway 141 in the heart of Utterson, where a spacious family home and a separate lower-level apartment create opportunities for how you live today and plan for tomorrow. Whether you're looking to accommodate extended family, create a comfortable space for guests, or explore the possibility of rental income, this versatile property offers options that are increasingly worth considering. The main residence features a generous country kitchen with ample cabinetry and workspace, spacious living and dining areas, an updated bathroom, a main-floor bedroom, two additional bedrooms upstairs, and a welcoming Muskoka Room that adds another place to relax and unwind. Downstairs, the self-contained apartment offers its own entrance, kitchen, bedroom, bathroom, and living area, providing a distinct space with its own everyday conveniences. You'll also appreciate the substantial unfinished storage and utility space, with room for hobbies, workshop activities, seasonal equipment, and wood storage for the home's wood-fired forced-air heating system. Set back from Highway 141 and conveniently located between Huntsville and Bracebridge, you're just minutes from Longs Lake Beach, Utterson Park, Mary Lake Beach, and the lakes, trails, golf courses, and recreation that make Muskoka such a desirable place to call home. Two living spaces. One convenient location. A property with possibilities. Discover what 306 Highway 141 could offer you. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-1K

Cash-on-cash

-0.65%

DSCR

0.96

Going-in cap

5.35%

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.

Area demographics

Trade area within 3 miles of the property.

Population

104,436

Households

38,854

Median income

$81,000

Median age

41.6

Daytime population

176,349

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 306 HIGHWAY 141 HIGHWAY, Huntsville (Stephenson).

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.