4328 MELODY LODGE LANE, Frontenac (Frontenac South)

$2,699,000

For sale: Other

Other at 4328 MELODY LODGE LANE, Frontenac (Frontenac South)
Property type
Investment
MLS®
MLS® X13744988
Neighbourhood
47 - Frontenac South

Melody Lodge is situated on Cranberry Lake which is attached to the beautiful Rideau Lakes system, It presents a rare and compelling waterfront investment opportunity, combining natural beauty with strong revenue potential. A few locks away, you will find yourself in the 1000 Islands waterway. The Lodge can offer year round rentals business. This is a multi-generational family compound offering seasonal or full time living. Great fishing and great winter activities. This exceptional property features 14 well-maintained rental cabins, perfectly positioned with water views and some along the water's edge, offering guests a tranquil and scenic retreat.The marina component is equally impressive, with over 50 boat slips accommodating a vibrant boating community, complemented by premium on-site marine fuel services conveniently located directly on the waterway. Enhancing the guest experience further, the property includes a fully equipped convenience store with an LCBO license, as well as a popular ice cream offering, creating multiple income streams and added appeal for both visitors and locals alike. Boasting approximately 1,800 linear feet of pristine waterfront, the setting is both expansive and picturesque, ideal for recreational enjoyment and future development possibilities. The property spans three separately titled parcels, providing flexibility and long-term value, and includes approximately 4 acres of residential land, 5.3 acres of commercially zoned land, plus an additional connected 2-acre residential lot. Currently generating gross revenues of approximately $400,000 over a six-month operating season, Experience fishing at it's best. With it's unique combination of accommodations, marina services, retail offerings, and significant land holdings, this property is exceptionally well-positioned for further growth and expansion. For additional information and pictures, please see the resort's web address at www.melodylodge.ca

Sold data

Homes in Frontenac (Frontenac South) — recent sold market

Homes in Frontenac (Frontenac South) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 65, across 142 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $567,450.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$567,450
Sale-to-list ratio
96.4%
Sold above asking
8%

Based on 142 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 4328 MELODY LODGE LANE