Homula Realty Brokerage
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25754 35 Highway, Lake of Bays, ON P0A 1H0

Commercial Retail
$1,799,999

Prime Muskoka commercial opportunity featuring a newer 4,500 sq. ft. multi-unit building on 3.6 level acres with excellent highway visibility in Dwight. Two units are currently leased, while the 3,124 sq. ft. owner space can easily be divided into three separate units to increase income potential. C-1 zoning allows for retail, offices, restaurants, health & wellness, storage, and many other uses. The generous lot offers significant room for future expansion, including additional buildings and a residential dwelling. Positioned for growth with new housing developments bringing more year-round residents to complement strong tourist traffic, the property is surrounded by village amenities and is just 15 minutes from Huntsville or Algonquin Park. Current owners are retiring their honey and wine meadery business - bring your vision and expand.

MLS number
X13531546
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
3
Postal code
P0A 1H0
Photos
18
Property tax
$5,883 / year
69days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 650 people.

$92,000Median household income
93.2%Own their home
98.4%Detached houses
61.6Median age
6.9%Born outside Canada
30.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440270 — the few blocks around this address, home to 650 people. It describes the area, not this property.

650Population
55.4Average age
2Household size
$125,000Average household income
$92,000Median household income
93%Own their home
7%Rent
0%Condominiums
7%Born outside Canada
30%University degree
$1,040,000Average home value
9%Low income
89%Not in the labour force
15%Never married
Under $5,0001%
$15,000 to $19,9992%
$20,000 to $24,9991%
$25,000 to $29,9992%
$30,000 to $34,9993%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9991%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9993%
$80,000 to $89,9992%
$90,000 to $99,9996%
$100,000 and over32%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over12%

Percentages are of the 450 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$360,000 · minimum here is $360,000
$7,970.01per month
Borrowed before insurance$1,439,999
Total borrowed$1,439,999
Interest over 25 years at 4.5%$951,003

If you rented it out

-$8,460.26per month out of pocket
Rent$0.00
Everything it costs to hold$8,460.26
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Re/Max All-Stars Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.