7044 534 Highway
Parry Sound Remote Area, ON
6,790 sqft • Investment • 156 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $3,288
- Listed
- March 26, 2026
Price History
Listing history
Sign in to view
Property
- Lot Size
- 262.5 x 324.09 Feet
Location & Legal
- Cross Street
- HWY 534 AND Beaudry's Hill Rd
- Zoning
- N/A
- Parcel Number
- 522250078
- Possession
- 30-59 days
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Restaurant: (All outdoor furniture, window coverings,tables and chairs, all fixtures except commercial kitchen hood fan. Hotel: all appliance and furniture in the hotel and laundry room. 15KW Generac generator
- Exclusions
- Restaurant: Commercial hood fan (purchased by chef and can be negotiated with chef at end of lease), Commercial stove, dishwasher in commercial kitchen, ice-maker, barstools, TV in restaurant, POS system and all office equipment, Cups, utensils, plates.
- Rental Items
- 3 propane tanks and 2 propane hot water tanks
Community
Postal area P0H
- Population
- 31,909
- Private dwellings
- 17,044
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $80,000
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 Parry Sound Remote Area · last 12 months
- Median sold price
- $413,750
- Homes sold
- 74
- Median days on market
- 50
- Sale-to-list price
- 93.0%
Based on 74 recorded sales of commercial properties in Parry Sound Remote Area over the last 12 months.
Listed by
HOMELIFE OPTIMUM REALTY
Location
Street View
Commercial figures
- Building area
- 6,790 sq ft
- Price per sq ft
- $158.32
- Annual property tax
- $3,288
- Tax per sq ft
- $0.48
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?