The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A unique commercial and investment opportunity in the heart of Dwight, offering retail, workspace, storage and residential living all under one roof. Ideally located between Huntsville and Algonquin Provincial Park, and within walking distance of Dwight Beach on Lake of Bays, this versatile property presents exciting potential for an owner/operator, entrepreneur, tradesperson or investor.The main level features approx. 800 sq. ft. of bright, open commercial/retail space with a street-facing entrance and welcoming front porch. Beyond the storefront is additional storage, a 2-piece washroom and an impressive approx. 40' x 36' workshop/garage with side garage door and backyard access. An additional flexible-use room, currently used as a gym/sauna, offers even more possibilities. A single-car garage and ample on-site parking add to the property's functionality.Significant improvements include spray foam insulation, new windows, updated electrical, a new drilled well pump and GenerLink generator connection.Adding further value is a spacious 3-bedroom, 2-bathroom residence above, providing the opportunity to live where you work or explore additional income potential. The residence features bright open-concept living, a large kitchen island, woodstove and primary bedroom with walk-in closet and 2-piece ensuite. The backyard offers a deck, gazebo, hot tub area and gardens.Whether envisioned as a storefront, professional space, studio, showroom, workshop or home base for a growing business, this property offers the space and flexibility to invest, operate and grow in Lake of Bays.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,513/mo
Mortgage (principal + interest)$2,244
Property taxFrom listing: $3,225/yr$269
Minimum $34,990 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$119,980
Ontario land transfer taxProvincial brackets, no first-time refund$8,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$131,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Lake of Bays has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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