For Lease · Land

2180-2186 HWY. 141, Muskoka Lakes (Watt)

2180-2186 HWY. 141, Muskoka Lakes (Watt), ON P0B1L0

Price on request

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Lot Size

2 ac

About this property

Top 5 Reasons You Will Love This Property: 1) Exceptional commercial leasing opportunity in the heart of Muskoka Lakes, featuring a rare commercial building situated on over 43-acres of surrounding commercial and residentially zoned property, ideally located just minutes from Bracebridge, Huntsville, Port Carling, and Rosseau 2) The commercial building, formerly home to a successful restaurant for many years, offers an excellent opportunity for a new restaurant, business venture, or other commercial use, providing a versatile space ready for your vision 3) Built in 2021, the separate residence offers 1,178 square feet of living space and showcases additional potential for the property, while the expansive surrounding acreage provides a remarkable natural backdrop 4) The residentially zoned portion of the property features over 40-acres of meadows, scenic hardwood forest, widened logging trails, a 100-foot escarpment, and an artesian stream, creating a spectacular setting with abundant natural beauty 5) Additional features include a finished bunkie, expansive 2,000 square foot patio, and over 850' of frontage along Highway 141, with the commercial building offering excellent exposure and easy access for customers and clients. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

82,326

Households

28,534

Median income

$127,500

Median age

34.8

Daytime population

72,935

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 2180-2186 HWY. 141, Muskoka Lakes (Watt).

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.