Price ChangeFor Sale

48 WILSON LAKE Crescent
Parry Sound Remote Area, Parry Sound, ON, P0H 1Y0

Sale Of Business
TRREB
MLS® Number: X11964189
$2,900,000List Price
Sale Of BusinessProperty Type
4,000 sq ftSize
$8,550 / 2024Taxes (Annual)
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PRICE CHANGED
$2,900,000
Previously Listed For:
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Listing History

Buy/sell history for 48 WILSON LAKE Crescent, Parry Sound Remote Area, ON P0H 1Y0

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Description

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.

Features

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Amenities

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Summary

Tax (Annual):$8,550 / 2024
Listing #:X11964189
Property Type:Sale Of Business
Size:4,000 sq ft
Land Size:193 x 528
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:FAIR AGENT REALTY

Rooms

Details

Property

Property Type:Sale Of Business
Community:Port Loring
Municipality:Parry Sound

Building

Size:4,000 sq ft

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Other
Utility Sewer:Septic

Land

Cross Street:Wilson Lake Crescent off Highway 522

$2,900,000

List price

48 WILSON LAKE Crescent, Parry Sound Remote Area – Sale Of Business for sale