Salehian.com 647-325-5000

3 Lena Street

Mclean, Lake of Bays, P0B 1A0

$1,250,000

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  • 2 bathrooms

Listed 81 days ago · MLS® X13625700

About this home

Exceptional Investment & Development Opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant Muskoka community just minutes from beautiful Lake of Bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0.82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals).The Lena Street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The Bridge Street commercial building offers approximately 3,000 sq. ft. of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. ft. addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to Highway 117, and close proximity to Lake of Bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of Muskoka's growing communities with unlimited potential!

Details

Type
Commercial Retail
Age
51-99 years
Lot
123 × 132 ft
Garage
None
Property tax
$6,005 (2026)
Neighbourhood
Mclean
Municipality
Lake of Bays

Interior

Bathrooms
2 × bathroom

Heating, cooling and services

Heating
Baseboard
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Age
51-99 years
Building area
1 Acres

More

Possession
TBA
Cross street
Lena Street and Bridge Street

Location

Location is approximate. See nearby homes on the map

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The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 3 cafés and restaurants, 3 parks. Nearest park: Robertson Parkette (300 m).

Who lives here postal area P0B

Owners / renters
91% / 9%
Median household income
$90,000
Average age
48
Children under 15
12%
Homes
95% detached
Commute by transit
0%
Population
9,589

Languages spoken most at home besides English: Polish 0.3%, German 0.2%, Spanish 0.1%, Swiss German 0.1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage Lakes Of Muskoka Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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