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Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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The Camp on Lake Muskoka

+ 7

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Gravenhurst, ON p1p1r1

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$2,600,000
7
4
3,500
sq. ft.
$743
per sq ft
Heated sq ft: 3,500 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Couples/Romance, Golf, Nature, Weddings or Family Reunions
New Construction: Yes
Days on Vrolio: 1895

Property Description

Gorgeous large cottage on beautiful Lake Muskoka just outside the lovely town of Gravenhurst. Very private with it's own private beach and waterfront but close to town, restaurants, theatre and shops. There is a large main cottage and an additional bunkie. The Camp can sleep up to 15 people including the bunkie. Our bunkie has a full bathroom and sleeps up to 4 people. It's perfect for retreat leaders and staff or teenagers who want their own space. We rent to large families, retreat leaders, event planners and corporate events. We have many return clients annually. https://www.royallepage.ca/en/property/ontario/gravenhurst/1056-birch-point-rd/9065871/mlsx4351791/?redirect=1

Presented by:
Agent:
Andrew Walker
Royal LePage Signature Realty
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
2
Est Value of Furnishings
$10,000
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
We are getting close to retiring. This property has been a family cottage for many years and is only just now becoming a busy rental property. We are ready to move forward and are selling this property. The property was renovated in 2018 with brand new furnaces and air-conditioning and water heater. Water for the building comes from a well during the winter months and the lake during the summer months there is an easy switchover system installed. The Camp www.thecamp.ca is very popular for large groups, retreats, family reunions, large families and corporate events. By using this property as a cottage through the winter months and only renting the cottage from May to October we maintain a "holiday rental' status in Canada which means we avoid needing licensing. With our amazing management team in the Gravenhurst area we have no concerns or issues that aren't dealt with quickly and professionally. It's very easy to run this operation and very worth the 20% commission. We have an excellent landscaper and cleaning staff in place as well. Last year the Camp was almost completely booked for the season and this year July is already booked and August is close. The other months are booking up as well, weekends only. We charge $8,500 CAD weekly for July and August. These two months are only available for week long rentals. May/June and Sept/October are rented either weekly or weekends at 900 - 1,200 CAD per night. There is lots of parking and the Camp is set up completely for guests. https://www.royallepage.ca/en/property/ontario/gravenhurst/1056-birch-point-rd/9065871/mlsx4351791/?redirect=1 (real estate listing) www.thecamp.ca (web page) www.muskokacottagesbymarlene.com (management company)
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
2
Additional Indoor Rooms
Family Room, Living Room, Mud Room, Multiple Master Suites
Appliances
Dishwasher, Electric appliances, Full stove, Gas appliances, Microwave, Oven, Refrigerator
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Laminate Wood, Linoleum, Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows, Energy efficient lighting, Programmable thermostat
Year built
1965
Outdoor Features
Boat House, Deck, Dock, Fire Pit, Garden, Private Gated Driveway, Walking Trail
View
Lake, Wooded Area
Backyard Exposure
East
Lot Size
8 acres, large building, additional bunkie with full bathroom, large field and waterfront area
Community Features
Bar, Bike Rentals, Community Dock, Community Pool(s), Driving Range, Fitness Center, Golf Shop, Health Spa, Lake Access, Marina, Nature Trails/Walking Path, Onsite Property Management, Playground, Private Golf Course, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Tennis Court, Theater
Tax Amount/Year
$3,600
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Bike Rentals, Community Dock, Community Pool(s), Driving Range, Fitness Center, Golf Shop, Health Spa, Lake Access, Marina, Nature Trails/Walking Path, Onsite Property Management, Playground, Private Golf Course, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Tennis Court, Theater
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
Large area for parking up to 10 cars, parking also on the beach lot.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Manager
Managed By
Owner, Manager
Management Bookings Percentage
$0.20
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, Private website, Professional photos, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
30 days
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$500.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
$500.00
Yard & Pest Control (Annual)
$1,500.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$2,400.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$1,400.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$3,600.00
Homeowner's Insurance (Annual)
$1,800.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
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Weekly Rent

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Weeks Rented (of 52)

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Management Rental Commission Annually ($)

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Cleaning Fees Annually

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Booking Site Service Fees ($)

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Management Fee Annually

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Additonal Nightly Insurance Policy Annually

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Sales, Bed, Resort, Tourist Tax Annually ($)

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Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

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Homeowner's Insurance

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Loan
Down Payment (%)

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Loan Amount

Interest Rate

Amortization (Loan Years)

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Annual Debt Service

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Annual Cash Flow

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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Royal LePage Signature Realty, 416.443.0300

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