2801 HIGHWAY 60 ROAD, Lake of Bays (Franklin)

$1,495,000

For sale: Other

Other at 2801 HIGHWAY 60 ROAD, Lake of Bays (Franklin)
Property type
Investment
MLS®
MLS® X14115928
Neighbourhood
Franklin

LOCATION! Just 2.5 hours from Toronto and 10 minutes from world-famous Algonquin Provincial Park, this exceptional hospitality property is located in Dwight, the Gateway to Algonquin Park. Set on over 4 acres, mature grounds, this unique offering features a 10-room motel, a separate 2-bedroom cottage, and an attached manager's apartment with 2 bedrooms, kitchen, and hall and detached insulated double garage. Just a short stroll to Dwight Beach and scenic hiking trails. this property offers proven income and an established hospitality business, making it an ideal opportunity for an owner-operator or investor. Currently operated seasonally, with potential to explore year-round operations. A rare opportunity to own a distinctive Muskoka property in a prime location! Great online presence on various OTA and direct booking website. Consistent incomes in past few years and Low over head cost

Sold data

Homes in Franklin — recent sold market

Homes in Franklin took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 86, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 67 days.

The median sale price was $1,200,000.

Homes sold for about 4.9% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
30
Median sale price
$1,200,000
Sale-to-list ratio
95.1%
Sold above asking
9%

Based on 43 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 2801 HIGHWAY 60 ROAD