7044 Hwy 534 Highway, Parry Sound Remote Area, Ontario P0H 1W0

Listed for:
$1,075,000
0 beds
0 baths
Listed 6 days ago
7044 Hwy 534 Highway, Parry Sound Remote Area, Ontario P0H 1W0

View all 24 photos

About

Cross Streets: HWY 534 AND BEAUDRY'S HILL RD. ** Directions: Hwy 11 to Hwy 522 to hwy 534 to 7044 Hwy 534. Turnkey Restaurant & Lodge Investment Opportunity. Exceptional income property featuring a licensed restaurant, bar, and lodge on 2.34 acres in the heart of cottage country. Ideally located steps from Restoule Lake, snowmobile and walking trails, with a public boat launch just 500 ft away and only 7 km from Restoule Provincial Park, plus close proximity to local amenities and shopping. The restaurant and bar are leased to a Master Chef until June 30, 2027, generating $2,500/month in reliable rental income. The lodge offers four fully furnished guest suites, each with a queen bed and 4-pc bath; three suites include full kitchens and living areas, while the fourth features a fridge and microwave. Guests also have access to a shared commercial laundry (1 washer, 2 dryers). The basement includes a full kitchen and two bathrooms, ideal for staff use, storage, or future expansion. Approx. $210,000 invested in renovations since 2022, plus a 15KW Generac generator included. Sale includes two adjoining parcels (sold together): PIN 522250078 (1.558 acres) and PIN 522250075 (0.778 acres). Strong cash flow with excellent year-round recreational exposure and future growth potential. (id:27476)

Property Highlights

MLS® Number
X12924728
Type
Business
Community Name
Restoule
Land Size
262.55 x 324.09 FT ; 193.63x262.55x201.79x324.09

Building

Square Footage
6790 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Other
Heating Fuel
Building Cooling Type
Fully air conditioned

Location

Learn more about this property
Listing provided by:
HOMELIFE OPTIMUM REALTY
MLS® number:
X12924728
Agent:
Richard Gambling
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).