For Sale · Land

1045 B BROWNS BRAE ROAD, Lake of Bays (Ridout)

1045 B BROWNS BRAE ROAD, Lake of Bays (Ridout), ON P0B1A0

$169,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

88%

About this property

Tucked into the heart of Lake of Bays, this extraordinary property is a landscape made for adventure-towering white pines, hemlock and birch, hidden clearings, rugged rock outcrops and winding forest terrain just begging to be explored.Walk, hike or bike your own trails. Snowshoe through fresh powder. Ski through the woods. Build a fire beneath the stars. And when you want the lake, two public access points to spectacular Lake of Bays are only about a 15-minute walk away.Perfectly positioned between Baysville and Dorset, the property puts you close to some of Muskoka's best recreation, including the Lake of Bays Tennis Club, Lake of Bays Sailing Club and renowned Bigwin Island Golf Club-while still giving you the feeling that you've escaped deep into the wilderness.There's history here, too. Once part of an 1800s farm, local lore suggests oak from the property may even have been used in the construction of the legendary Bigwin Inn. Today, the land offers an incredible opportunity to create a modern Muskoka retreat surrounded by nature.With the benefit of the Managed Forest Tax Incentive Program and access to nearby hydro, telephone and high-speed internet, this is more than vacant land-it's a base camp for everything Muskoka has to offer. (id:66811)

Financial sandbox

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Estimate
Purchase price$169K
Down payment30% · $51K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$780

Projected NOI

$7K

Annual cash flow

$-3K

Cash-on-cash

-5.31%

DSCR

0.71

Going-in cap

3.95%

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

49,912

Households

20,077

Median income

$62,000

Median age

39.5

Daytime population

52,242

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 1045 B BROWNS BRAE ROAD, 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.