7044 534 HIGHWAY, Parry Sound Remote Area (Restoule), Ontario, P0H1W0
MLS: X12924100 | Business
$1,075,000
Property Description
Turnkey Restaurant & Lodge Investment Opportunity. Exceptional income property featuring a licensed restaurant, bar, and lodge on 2.34 acres in the heart of cottage country. Ideally located steps from Restoule Lake, snowmobile and walking trails, with a public boat launch just 500 ft away and only 7 km from Restoule Provincial Park, plus close proximity to local amenities and shopping. The restaurant and bar are leased to a Master Chef until June 30, 2027, generating $2,500/month in reliable rental income. The lodge offers four fully furnished guest suites, each with a queen bed and 4-pc bath; three suites include full kitchens and living areas, while the fourth features a fridge and microwave. Guests also have access to a shared commercial laundry (1 washer, 2 dryers). The basement includes a full kitchen and two bathrooms, ideal for staff use, storage, or future expansion. Approx. $210,000 invested in renovations since 2022, plus a 15KW Generac generator included. Sale includes two adjoining parcels (sold together): PIN 522250078 (1.558 acres) and PIN 522250075 (0.778 acres). Strong cash flow with excellent year-round recreational exposure and future growth potential. (id:64974)
Quick Facts
- Property Type: Business
- Bedrooms: None
- Bathrooms: None
- Living Area: 6,790 sq ft (630.8 m²)
- Frontage: 263 ft (80 m)
Costs
- Annual Taxes: $3,287.69
Listing Provided by: HOMELIFE OPTIMUM REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Baseboard heaters, Other
- Cooling: Fully air conditioned
- Appliances: Hood Fan, Furniture, Window Coverings
Lot & Land
- Frontage: 263 ft (80 m)
- Zoning: N/A
Community & Neighbourhood
- Neighbourhood: Restoule
Listing Information
Listing History
MLS listing activity for 7044 534 HIGHWAY, Parry Sound Remote Area (Restoule), Ontario, P0H1W0 — dates reflect when changes were recorded in the DDF
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Similar Properties ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
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7044 534 HIGHWAY, Parry Sound Remote Area (Restoule), Ontario, P0H1W0