20 Cottages Lakefront Resort On 17 Acres
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $160000
Net Profit / Cash Flow $73000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1995
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description Forest Rock Resort for sale with marina on beautiful Three Mile lake in the heart of Muskoka, 1,283 ft of shoreline, sandy beach, on 17 nicely treed acres. 20 (1, 2 and 3 bedroom) housekeeping cottages, 10 trailer sites, campground, gas pump at the shore. The marina offers paddle boat, canoe, boat & motor rentals including gas and boat dockage. For the fishermen, Three Mile Lake offers excellent pickerel and bass fishing. Forest Rock has a grocery/variety store offering worms, fishing tackle, fishing licences, ice, firewood, fireworks, candy, ice cream and basic groceries. Close to golf, boat cruises, Santa's Village and restaurants. Minutes to Bracebridge, Port Carling, Port Sydney and Huntsville. The resort is open from May long weekend until Thanksgiving long weekend. Owner's residence 2,700 sf 5 bedroom 2 story home. Huge 2 bay/2 level garage with workshop. Convenience store. Close to schools, shopping, 20 min from Bracebridge. Excellent income, 11.8% cap rate at full asking price. Don't miss this great investment. opportunity in the country! Property taxes $4,303 for 2008. Asking price $950,000. Email or call Andrew Sobczak, Member of the Muskoka & Haliburton Real Estate Board, at 705-543-1341 for more info.
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