
Address not available
Espanola, Ontario
24 bed • 14 bath • Recreational
Escape to your own slice of paradise with this exceptional fishing and family resort nestled on the picturesque shores of Lake Panache! The Mountain Cove Lodge is situated on 61 sprawling acres of natural beauty and this resort offers an unparalleled opportunity to own an amazing business on a stunning waterfront setting. Boasting a collection of 12 cozy cottages, a charming log cabin, and a unique houseboat, this resort provides guests with a variety of accommodation options to suit their needs. The lakeside views are simply breathtaking, inviting visitors to relax and unwind in the tranquility of nature. Guests can enjoy a range of amenities, including a well-equipped filet shack for preparing the day's catch, campfire pits for cozy evenings under the stars, and saunas for the ultimate relaxation experience. With almost 800 feet of water frontage, multiple docks, and, sandy beaches, fishing enthusiasts and family vacationers will delight in the abundance of opportunities to relax or reel in their next big catch. The resort comes fully equipped with 13 boats, ensuring that guests can explore the crystal-clear waters of Lake Panache with ease. Additional amenities such as a fire truck, a gas station, a Cat front loader, and a Polaris side by side, make this resort a turnkey opportunity for the savvy investor. With extremely low property taxes, this resort presents a rare chance to own a profitable business in a sought-after location. Whether you're looking to continue the legacy of this beloved family resort or embark on a new adventure in the hospitality industry, this property offers endless possibilities for growth and success. Don't miss out on the chance to own this exceptional fishing and family resort - a true gem on the shores of Lake Panache. This is your opportunity to own a piece of paradise and create unforgettable memories for generations to come. Don’t delay, call today!
Price History
Schools
Elementary
- A B Ellis Public School2.4 km
Public · Rainbow DSB · 260 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 46% met the provincial standard
- École élémentaire catholique La Renaissance2.6 km
French Catholic · CSDC du Nouvel-Ontario · 185 students
Grade 3 reading: 14% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Sacred Heart Catholic School2.7 km
Catholic · Huron-Superior CDSB · 255 students
Grade 3 reading: 59% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- École secondaire catholique La Renaissance2.6 km
French Catholic · CSDC du Nouvel-Ontario
Grade 10 literacy: 81% met the provincial standard
- Espanola High School2.6 km
Public · Rainbow DSB · 505 students
Grade 10 literacy: 75% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P0P
- Population
- 20,285
- Private dwellings
- 12,782
- Median age
- 50.8
- Average household size
- 2.3
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Location
Mortgage Calculator
$558,000
Estimated Monthly Payment
$13,706
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $13,706/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $698/mo
Estimates only. Consult a financial advisor.