4244 Hwy 520, Magnetawan, Ontario P0A 1P0

Listed for:
$2,690,000
0 beds
0 baths
Listed 96 days ago
4244 Hwy 520, Magnetawan, Ontario P0A 1P0

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Learn more about this property
MLS® number:
X8039024
Agent:
Pete Lim
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About

Fabulous Business Opportunity In The Historic Village Of Magnetawan in North of Muskoka. Steps From Sand Beach, Marina & Historic Locks & 40 Mile Waterway. Great Views and Surrounded by High End Cottages. A Popular Restaurant with LLBO For 135 Guests with separate Grocery Store. 8,000 sf building on 0.63 acre lot. Recently Renovated !!! This Property Can be converted to a Hotel !!!! Popular With Locals & Tourists All Year Round. **** EXTRAS **** Sale Includes The Grocery Store And the Restaurant. Gross Sales Grocery Store $750k, Restaurant $850k. (id:27476)

Property Highlights

Type
Cooling type
Partially air conditioned
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby

Location

Summary

Don't miss out on this incredible business opportunity located in the historic village of Magnetawan, just north of Muskoka. Situated just steps away from a beautiful sand beach, marina, and historic locks, this property is also surrounded by high-end cottages, offering great views and a prime location.

The main attraction of this property is a popular restaurant with an LLBO license, capable of accommodating 135 guests. Additionally, there is a separate grocery store on the premises. The building itself spans 8,000 square feet and sits on a 0.63-acre lot, recently renovated and boasting the potential for an apartment on the second and third floors. It's worth noting that this building used to be a hotel and has remained popular with both locals and tourists throughout the year.

As an added bonus, the sale of this property includes both the grocery store and the restaurant. The gross sales for the grocery store amount to $750,000, while the restaurant brings in $850,000. This is truly a unique opportunity to own a thriving business in a picturesque and bustling area.

For those interested in the specifics, the property for sale has a land size of 132 x 208 FT and is located at 4244 HWY 520 in the city of Magnetawan, Ontario. The postal code for this property is P0A1P0, and it features a partially air-conditioned cooling system.