48 WILSON LAKE CRESCENT, Parry Sound Remote Area (Port Loring)

$2,800,000

For sale: Other

Other at 48 WILSON LAKE CRESCENT, Parry Sound Remote Area (Port Loring)
Property type
Sale Of Business
MLS®
MLS® X12980830
Neighbourhood
Port Loring

Discover The Port Shores, a distinguished lakeside business at 48 Wilson Lake Crescent, Port Loring part of the Pickerel River system. This thriving staple in the Parry Sound Region lake community offers significant growth potential. Operating seasonally from May through October, The Port Shores features a range of amenities for both locals and visitors. The Lakeview Cafe offers stunning views and a cozy atmosphere, while Tommy's Food Bar serves casual fare. Saturdays, the on-site gift shop, offers unique finds. Additionally, the property includes a meeting room ideal for intimate weddings, ceremonies, parties, and business meetings. Additionally, 3 pontoon boats for lake tours are included, offering a lucrative opportunity to enhance guest experiences and generate additional revenue. The upper level includes a spacious 1,300 sq. ft. two-bedroom apartment, offering on-site accommodation or rental potential. The business is well-established with a solid customer base. Vendor take-back financing is available for a portion of the purchase price. The current owners are committed to a smooth handover, offering to stay on for a season to assist with operations. The property spans 1.8 acres, allowing for additional rental cottages, supported by the existing engineered septic bed and high-quality municipal water. Expansion is encouraged, with grounds primed for 4-5 additional cottages, ideal for Airbnb rentals. There is also an opportunity to extend the operational season to capitalize on local demand and snowmobile traffic in winter months. Adjacent waterfront property is available for purchase, presenting an unparalleled opportunity to expand the footprint of this already impressive venture. The Port Shores is a rare opportunity to own a versatile and expandable business in one of Ontario's most scenic locales. Whether you're looking to invest in a flourishing business, develop a lakeside resort, or enjoy both, The Port Shores offers limitless possibilities.

Sold data

Homes in Parry Sound Remote Area (Port Loring) — recent sold market

Homes in Parry Sound Remote Area (Port Loring) took a median of 47 days to sell over the last 365 days, with the quickest quarter selling within 26 days and the slowest quarter taking more than 102, across 73 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 63 days.

The median sale price was $373,000.

Homes sold for about 5.9% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 33% of sellers reduced their price before finding a buyer.

Median days to sell
47
Median sale price
$373,000
Sale-to-list ratio
94.1%
Sold above asking
8%

Based on 73 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 48 WILSON LAKE CRESCENT