7044 534 Highway, Parry Sound Remote Area, ON P0H 1W0

Parry Sound Remote Area P0H 1W0 Ontario

MLS: X12539880

$1,095,000

Added 2 hours ago | For Sale

Listed by: HOMELIFE OPTIMUM REALTY

About Property

Turnkey Restaurant & Lodge Investment Opportunity. Exceptional opportunity featuring a licensed restaurant, bar, and lodge on 2.34 acres, offering steady commercial income and flexible accommodation revenue. Ideally located steps from Restoule Lake, snowmobile and walking trails, year-round recreation, and a public boat launch just 500 ft away. Close to shopping, amenities, and only 7 km from Restoule Provincial Park.The restaurant and bar are leased to a Master Chef through June 30, 2027, providing $2,500/month in rental income. Enjoy immediate cash flow while maintaining full control of four fully furnished lodge suites-perfect for short- or long-term rentals. Each suite includes a 4-pc bath and queen bed; three feature full kitchens and living areas, and one has a fridge and microwave. Guests have access to a shared commercial laundry with one washer and two dryers.The basement includes a full kitchen and two bathrooms, ideal for staff, storage, or future expansion. Since 2022, the owner has invested approximately $210,000 in renovations, keeping the property in excellent condition and a 15KW Generac Generator is included. Sale includes two adjoining parcels (sold together): PIN 522250078 - approx. 1.558 acres PIN 522250075 - approx. 0.778 acres

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 262.5 X 324.09
  • Water:Well
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:HWY 534 AND DANIEL DR
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $3287.69
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12539880

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