3 Lena Street, Lake of Bays, ON P0B 1A0
Lake of Bays, ON P0B 1A0
About this property
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!
Property facts & features
- Property type
- Commercial Retail
- MLS® number
- X13625700
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- 2
- Reported interior area
- 0.82
- Neighbourhood
- Not provided
- Postal code
- P0B 1A0
- Garage
- None
- Lot depth (source units)
- 132
- Annual property tax
- 6005.37
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,250,000
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Explore active properties in Lake of Bays →Listing brokerage: Royal LePage Lakes Of Muskoka Realty. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13625700. Information deemed reliable but not guaranteed.