2803 HIGHWAY 60 HIGHWAY E, Lake of Bays (Franklin)

$1,199,000

For sale: Other

Other at 2803 HIGHWAY 60 HIGHWAY E, Lake of Bays (Franklin)
Property type
Commercial Retail
MLS®
MLS® X13638958
Neighbourhood
Franklin

Ready to be a thriving restaurant and or gift shop once again. After a couple of years of rest and rehabilitation the property now awaits your entrepreneurial dreams and business plan. 3,000 sq ft building; seating for 50 inside and 33 outside on the patio. Conveniently located on busy hwy 60, 15 minutes from Huntsville and 12 minutes from the entrance way to Algonquin park, affords for high volume of travelers on a daily basis. Spectacular backdrop in the fall season. Conveniently located near snowmobile and ATV trails. Site approval for accessory dwelling.

Sold data

Homes in Lake of Bays (Franklin) — recent sold market

Homes in Lake of Bays (Franklin) took a median of 41 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 86, across 53 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.

The median sale price was $875,000.

Homes sold for about 7.1% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$875,000
Sale-to-list ratio
92.9%
Sold above asking
6%

Based on 53 recorded sales in the last 90 days — 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 2803 HIGHWAY 60 HIGHWAY E