Muskoka Lakes, Medora, P0B 1J0
$1,099,000
Listed by Forest Hill Real Estate Inc., Brokerage, Port Carling.
Development opportunity and Income property! Home Based Business opportunity on 5.5 Acres, RU3 zoning. Brand new 4 bay shop with plenty of parking and driveway for large vehicles and trailers. Permission has been granted for a 7500 square foot second residential dwelling, home based business and Bed & Breakfast or rooming house. The current 3 bedroom/2 bath dwelling has been extensively renovated with a new roof, vinyl siding, R40 insulation, surrounding weepers, windows, furnace and more all done in 2019-2020. Live in the current dwelling while you build your dream home and use as a rental income property when you're settled in your new home. The driveway to the secondary building lot is ready for you to build a second dwelling surrounded with large trees, privacy and access to Ada Lake on this large 5.5 acre property. 576 feet of frontage on Muskoka Rd 169. Quick access to Bala, Port Carling and Highway 400. Highly visible, ideal location for a home based business.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.