27 SR406 SHORE
Muskoka Lakes, ON
- 8 sqft
- Land
This iconic, water-access-only commercial package on the Severn River offers a once-in-a-generation opportunity to own the legendary WAUBIC - established in 1913 and still one of the most beloved stops between Lock 43 and the historic Big Chute Marine Railway (Lock 44). Spanning 8.05 acres across two parcels plus an additional 3.11-acre residential lot with existing boathouse, this turn-key operation blends history, profitability, and future potential in one remarkable offering. The Waubic's fully equipped commercial kitchen also boasts a walk-in cooler and all the essentials needed for efficient, high-volume service. Over 1000 feet of shoreline and nearly 700 feet of docking anchors a dynamic waterfront hub featuring the iconic Waubic Restaurant, the Dockside Brewhouse, Waubic Wear merch store, the Bay House rental cabin, 2 separate staff quarters, and a beautifully elevated 743 sq. ft. owner's cottage with panoramic river views. Guests return year after year for the restaurant's nostalgic charm, amazing menu, vibrant brewhouse atmosphere, and curated retail experience, while the Bay House continues to draw strong rental demand with its cozy layout and unbeatable location. The included 3.11-acre lot-with 233 feet of private shoreline-adds exceptional flexibility for residential use or expansion, with opportunities to introduce rental cabins, recreational amenities, or watercraft services (subject to zoning). With established seasonal traffic, multiple income streams, and a legacy brand that spans generations, this rare multi-faceted property stands as one of the most compelling commercial holdings on the Trent-Severn waterway - ideal for restaurateurs, hospitality operators, investors, or entrepreneurs seeking a thriving waterfront enterprise with remarkable growth potential. Business and Properties are being sold as a package. Includes business, PIN 480230052, PIN 480230009 and PIN 480230171.
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Listing Details
- Taxes (2025)
- $4,522
- Originally Listed
- $4,250,000
- Listed
- November 28, 2025
Price History
Listing history
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Property
- Lot Size
- 1040 x 705.77 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- Water access only
- Zoning
- Resort Commercial Waterfront - WC1A2
- Parcel Number
- 480230052
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- See List of equipment/chattels
- Rental Items
- 2 Dishwashers, Specialty coffee maker
Community
Postal area L0K
- Population
- 38,386
- Private dwellings
- 22,207
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $88,000
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.
Local market
Commercial in Muskoka Lakes · last 12 months
- Median sold price
- $885,000
- Homes sold
- 245
- Median days on market
- 28
- Sale-to-list price
- 93.8%
Based on 245 recorded sales of commercial properties in Muskoka Lakes over the last 12 months.
Listed by
CENTURY 21 B.J. ROTH REALTY LTD.
Walk Score
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Location
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Commercial figures
- Annual property tax
- $4,522
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Spanning 8.05 acres across two parcels plus an additional 3.11-acre residential lot with existing boathouse, this turn-key operation blends history, profitability, and future potential in one remarkable offering.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?