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$ 1,250,000
Est. payment /mo
New
3 Lena ST Lake Of Bays, ON P0B 1A0
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Mclean
MLS Listing ID X13625700
Annual Tax Amount $6,005
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Exceptional Investment & Development Opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant Muskoka community just minutes from beautiful Lake of Bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0.82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals).The Lena Street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The Bridge Street commercial building offers approximately 3,000 sq. ft. of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. ft. addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to Highway 117, and close proximity to Lake of Bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of Muskoka's growing communities with unlimited potential!
Location
Province ON
County Muskoka
Area Muskoka
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 123.0
Lot Depth 132.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by Royal LePage Lakes Of Muskoka Realty
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