3 Lena Street,Lake of Bays, ON P0B 1A0
Lake of Bays, ON P0B 1A0
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!
Details
| MLS # | X13625700 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 89 |
| Listing Provided By | Royal LePage Lakes Of Muskoka Realty | X13625700 557506 |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 35,719 |
| Acreage | 0.82 |
Interior
| Cooling | No |
|---|
Exterior
| Community Features | Major Highway |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
Taxes
| Tax Annual Amount | 6005.37 |
|---|---|
| Tax Assessed Value | 271800 |
| Tax Type | Annual |
| Tax Legal Description | Pt lt 17, Con 7 |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Muskoka |
| City | Lake of Bays |
| Postal Code | P0B 1A0 |
| Area | Mclean |
| Listing VS Median (in P0B 1A0) | |
Price: $1,250,000 low | high Med: $2,022,500 sqft: 35,719 low | high Med: 23,660 $ / sqft: $35 low | high Med: $138 On site: 89 low | high Med: 85 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Muskoka |
| City | Lake of Bays |
| Postal Code | P0B 1A0 |
| Area | Mclean |
| Listing VS Median (in P0B 1A0) | |
Price: $1,250,000 low | high Med: $2,022,500 sqft: 35,719 low | high Med: 23,660 $ / sqft: $35 low | high Med: $138 On site: 89 low | high Med: 85 | |
 | $1,250,00013 Bridge StreetLake Of Bays, ON P0B 1A0 |
