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Key Details
Sold Price $3,625,000
Property Type Commercial
Sub Type Hospitality,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 11,114 sqft
Price per Sqft $326
MLS Listing ID 40474372
Sold Date 10/24/23
Abv Grd Liv Area 11,114
Originating Board The Lakelands
Annual Tax Amount $18,558
Lot Size 1.615 Acres
Acres 1.615
Property Description
Incredible investment opportunity in the heart of Muskoka. Located at the busy intersection of Medora St (Hwy 118 W) and Foreman Rd in the beautiful town of Port Carling. The 1.61 acre property is zoned C4 (community commercial), which permits motel, staff quarters, office, tavern, restaurant, recreational establishment, marina, and much more. Port Carling is a primary tourist commercial/service centre for the Muskoka Lakes. Currently operated as the Crestwood Inn - a successful 31-unit motel business providing very clean and quiet accommodations to their loyal clientele, which includes tourists, contractors, event guests, and those in need of temporary accommodations. There are a total of 7 buildings including a 16-unit, 8-unit, and 4-unit building, 2 detached living cabins, a staff house/office and a ~1600 sqft. accessory structure previously operated as a restaurant. Centrally located with incredible highway exposure and over 300’ of frontage on both Hwy 118 W and Foreman Rd. Explore the many future development potential of the property, as the current lot coverage is well below the maximum permitted by C4 zoning. Financials and other pertinent documents available upon request, subject to a confidentiality agreement. Town sewer and water. Call, email, or text for more information.
Location
Province ON
County Muskoka
Area Muskoka Lakes
Zoning C4
Direction 177 Medora St - at the intersection of Medora (Hwy 118 W) and Foreman Rd.
Rooms
Basement None
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Exterior Feature Storage
Garage Guest
Utilities Available Electricity Connected, Fibre Optics
Waterfront No
Lot Frontage 314.0
Garage No
Building
Lot Description Ample Parking, High Traffic Area
Faces 177 Medora St - at the intersection of Medora (Hwy 118 W) and Foreman Rd.
Story 2
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Block,Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community false
Tax ID 481500379
Ownership Freehold/None
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