$3,999,900
Available - For Sale
Listing ID: X11948014
2840 Highway 60 Rout East , Lake of Bays, P0A 1H0, Muskoka


Your Muskoka Dream Awaits with stunning lakefront views This exceptional investment, family compound or development property in Dwight offers an unbeatable combination of location, a rich history, potential, and lifestyle. With highway and beachfront road exposure, this resort property is perfectly positioned across from the expansive Dwight Beach on Lake of Bays, Muskoka's second-largest lake with 365 miles of shoreline to explore. The boat launch on Lake of Bays is conveniently located within walking distance. This very well-maintained, family-run cottage resort includes: A 3,200 sq ft home (formerly a lodge), 7 fully winterized cottages (5 with 3 BR, 2 with 2 BR), and a large old fashioned barn ready for a creative conversion. This property is packed with possibilities But the real opportunity lies in its development potential: Current lot coverage is just 2.65%, A new concept site plan allows 11 additional cottage units or an increase of 12.25% lot coverage. Or you may have other ideas for potential expansion with more cottages, restaurant etc.. or property severances. Nearby amenities include; bakeries, restaurants, LCBO, and a grocery market /pharmacy, gas station, service garages, marinas, unique shops and Building/hardware store. This is a popular area for recreation with snowmobile, ATV trails, skiing, fishing and watersports. Located 15 minutes from Huntsville, Limberlost Forest, and Algonquin Park perfect for adventure seekers and nature lovers alike. An info package, virtual tour, and new site/concept plans are ready to show you the full scope of this incredible opportunity. Don't wait, properties like this are rare!
Price $3,999,900
Taxes: $7220.00
Tax Type: Annual
Occupancy: Owner
Address: 2840 Highway 60 Rout East , Lake of Bays, P0A 1H0, Muskoka
Postal Code: P0A 1H0
Province/State: Muskoka
Lot Size: 395.34 x 751.60 (Feet)
Directions/Cross Streets: Dwight Bay Road
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Accommodation
Use: Cabins/Cottages
Building Percentage: T
Total Area: 6.86
Total Area Code:  Acres
Area Influences: Major Highway   Recreation/Comm
Financial Statement: T
Chattels: T
Franchise: F
LLBO: N
Insurance Expense: $6900
 Heat Expenses: $2300
 Hydro Expense:  $14800
Expenses Actual/Estimated: $Est
Washrooms: 0
Outside Storage: T
Heat Type: Oil Forced Air
Central Air Conditioning: No
Sewers: Septic
Water: Lake/Rive
Water Supply Types: Lake/River
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $199,995 $399,990 $599,985 $799,980
First Mortgage $3,799,905 $3,599,910 $3,399,915 $3,199,920
CMHC/GE $151,996.2 $111,597.21 $95,197.62 $0
Total Financing $3,951,901.2 $3,711,507.21 $3,495,112.62 $3,199,920
Monthly P&I $19,501.92 $18,315.62 $17,247.75 $15,791.03
Expenses $0 $0 $0 $0
Total Payment $19,501.92 $18,315.62 $17,247.75 $15,791.03
Income Required $731,321.92 $686,835.64 $646,790.58 $592,163.5

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Re/Max All-Stars Realty Inc
Personal Picture
Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
 
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At a Glance:
Type: Com - Investment
Area: Muskoka
Municipality: Lake of Bays
Neighbourhood: Franklin
Style:
Lot Size: 395.34 x 751.60(Feet)
Approximate Age:
Tax: $7,220
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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