Exceptional Investment & Development Opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant Muskoka community just minutes from beautiful Lake of Bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0.82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals).The Lena Street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The Bridge Street commercial building offers approximately 3,000 sq. ft. of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. ft. addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to Highway 117, and close proximity to Lake of Bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of Muskoka's growing communities with unlimited potential!
Address
3 Lena Street
List Price
$1,250,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Lake of Bays
Sub-Area
Mclean
Region
Muskoka
Bathrooms
2
Lot Size Source
Survey
Lot Depth
132
Lot Shape
Irregular
Lot Type
Building
Lot Irregularities
see survey
Lot Size Units
Feet
Lot Width
123
Parcel Number
481050381
Total Building Area
0.82
Occupant Type
Tenant
Cross Street
Lena Street and Bridge Street
Approx. Age
51 - 99 Years
MLS® Number
X13625700
Listing Brokerage
Royal LePage Lakes Of Muskoka Realty
Basement
No
Postal Code
P0B 1A0
Posession Details
TBA
Parking Spaces
15
Tax Amount
$6,005.37
Tax Year
2026
Site Influences
Major Highway
Community Features
Major Highway
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Type
Baseboard
Cooling Features
No
UFFI
No
Garage Type
None
Tax Legal Description
Pt lt 17, Con 7
Security Features
No
Water Source
Water System
Waterfront
No
Sewer
Sanitary
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