7044 Hwy 534, Restoule, ON P0H 2R0, Canada
7044 Hwy 534, Restoule, ON P0H 2R0, CanadaLocation Details
- City: Parry Sound Remote Area (Restoule)
- Province: Ontario
Property Details
- SubdivisionName: Restoule
- FrontageLength: 262 ft ,6 in
Property Features
- Heating: Baseboard heaters,Other
- HeatingFuel: ,
- CoolingYN: True
- Cooling: Fully air conditioned
- OpenParkingYN: False
- GarageYN: False
- AttachedGarageYN: False
- CarportYN: False
- FireplacesTotal: 0
- PoolYN: False
- ViewYN: False
- WaterfrontYN: False
Basics
Courtesy of
- OfficeName: HOMELIFE OPTIMUM REALTY
- ListAOR: Toronto Regional Real Estate Board
Description
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Description:
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:59398)
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Location
Building Details
- Heating: Baseboard heaters, Other
Amenities & Features
- Waterfront available: No
- OpenParkingYN: No
- AttachedGarageYN: No
- GarageYN: No
- CarportYN: No
- PoolYN: No
- CoolingYN: Yes
- Cooling: Fully air conditioned
- Total Fireplaces: 0