6 Cottages & Home 150 Feet Lakefront
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $60000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1937
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Cottage resort on 1.3 acres 152' on beautiful Three Mile Lake in Muskoka.
Established in 1937. Open year round. Nice sandy beach. There is 6 rental cottages and 2 bedrooms year around home recently renovated.
Large dock can hold six 14' boats. 5 boats with motors are included. Inside each cottage there is:
double beds and bed linens, towels
fridge, stove microwave, fans, cribs / high chairs
TV with VCR, outside BBQ
laundry facilities only 50 yards away
Weekly rates charged are:
Dockside cottages - occupancy 6 each cabin (two units available) $700
Lakeside cottages - occupancy 4 each cabin ( two units available) $550
Hillside cottages - occupancy 3 each cabin (two units) $450
The resort is located next to Northland Marina, which provides Sea Doo rentals in summer and snowmobile rentals in winter with a full service department. Parking for 12 cars off the municipal paved providing easy access year round to the resort. The resort is great for water fun in summer. Snowmobile trail runs across the lake. Located 10 km from Port Carling, 20 km from Bracebridge, 25 km from Huntsville, 200 km north of Toronto.
Existing residential mortgage, possible purchase with 5% downpayment.
Motivated seller, come to see it and make an offer! Taxes are $2,500. Asking price $439k REDUCED.
Click Here To Contact Seller
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