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.
Looking for a great investment property, look no further! This 1.4 acre with 298.4 frontage on Highway 60 in Downtown Dwight, steps away from the public Dwight beach on beautiful Lake of Bays with sandy beach area, boat launch and public docking. This property is home to a few different businesses with amazing traffic flow year-round as it is on the route to the famous worldly known Algonquin Provincial Park which makes this an attractive investment. There's a large 2 story building that Erika's Bakery/Coffee Shop is located in, Erika's Bakery business is not included in sale, however is negotiable. 2nd floor to the building has extra stock rooms, 4pc bathroom, offices, board room, kitchen and laundry. The property has 3 other businesses that are fully leased in a long seperate building - long strip mall like with their own entrances, bathrooms, septic system, and fibre internet. Great traffic flow for any business and definitely a hub of this little community. Halfway between Huntsville & Algonquin Provincial Park makes a great destination stop. Live, work and play in Muskoka, Lake of Bays. Public school, stores, gas station, public library, community centre only a few kms. away. Post Office, grocery store, pharmacy, gift shops all within walking distance. Golf courses, ski hill, and great restaurants in the area with a new up and coming large housing development just minutes away. A great opportunity, high visibility, awesome location with constant traffic flow.
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$5,655/mo
Mortgage (principal + interest)$5,234
Property taxFrom listing: $5,057/yr$421
Minimum $114,900 down for this price; the slider moves in whole percent, starting at 9%. 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$279,800
Ontario land transfer taxProvincial brackets, no first-time refund$24,455
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$307,055
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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