Port Carling, ON P0B 1J0,177 Medora Street
Port Carling, ON P0B 1J0,177 Medora Street
Port Carling, ON P0B 1J0,177 Medora Street
$3,625,000
Est. payment /mo
$3,800,000
4.6%
Est.Price: ?

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11,114 SqFt
SOLD DATE : 10/24/2023

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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Listed by Cottage Vacations Real Estate Brokerage Inc.Toronto

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Isaac Rosebrugh

+1(519) 754-6611

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