4244 Hwy 520, Magnetawan | Image 1

4244 Hwy 520

Magnetawan

  • Commercial

$2,690,000
For Sale

Added 3 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 8451.97

  • MLS®#: X8039024

  • Days on Site: 65 Days

  • Added: Feb 01, 2024 (3 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: HOMELIFE FRONTIER REALTY INC.

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.

Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Magnetawan

  • Availability Date: TBD

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Well

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 10 W/S BIDDY ST, 10 E/S NORTH SPARKS ST PL 3

  • Taxes: $8,452

  • Taxes Type: Annual

Land

  • Cross Street: On-520 / N Sparks St

  • Municipality District: Magnetawan

  • Parcel Number: 520810663

  • Sewer: Septic

  • Lot Depth: 208 Feet

  • Lot Frontage: 132 Feet

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 6

  • Rail: N

  • Retail Area: 4458

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 7958

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 1500

  • Industrial Area Metric: Sq Ft

  • Office Size: 2000

  • Office Size Metric: Sq Ft

  • Days Open: V

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 135

  • Financial Statement: Y

  • LLBO: Y

Map of 4244 Hwy 520, Magnetawan
5-8

Land of Lakes Senior Public School

Elementary: Public
0.17 km
JK-8

Magnetawan Central Public School

Elementary: Public
19.00 km
JK-8

South River Public School

Elementary: Public
25.17 km
JK-8

Sundridge Centennial Public School

Elementary: Public
17.68 km
JK-8

Saint Mary's School

Elementary: Catholic
34.18 km
JK-8

Evergreen Heights Education Centre

Elementary: Public
10.22 km
9-12

St Dominic Catholic Secondary School

Secondary: Catholic
63.48 km
9-12

Almaguin Highlands Secondary School

Secondary: Public
25.41 km
9-12

West Ferris Secondary School

Secondary: Public
73.88 km
9-12

Bracebridge and Muskoka Lakes Secondary School

Secondary: Public
61.26 km
9-12

Huntsville High School

Secondary: Public
35.64 km
9-12

Trillium Lakelands' AETC's

Secondary: Public
64.05 km