7044 Hwy 534 Highway
Parry Sound Remote Area, ON
- 6,790 sqft
- Sale Of Business
- 177 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 lodge offers a full service restaurant and 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.
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Listing Details
- Taxes (2025)
- $3,288
- Listed
- March 26, 2026
Price History
Listing history
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Property
- Lot Size
- 262.55 x 324.09 Feet
Parking
- Garage
- Other
Location & Legal
- Cross Street
- HWY 534 AND BEAUDRY'S HILL RD
- Zoning
- N/A
- Parcel Number
- 522250078
- Possession
- 30-59 days
- Occupancy
- Tenant
Commercial
- Business Type
- Bar/Tavern/Pub
Included
- Inclusions
- 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
- $412,500
- Homes sold
- 77
- Median days on market
- 49
- Sale-to-list price
- 92.6%
Based on 77 recorded sales of commercial properties in Parry Sound Remote Area over the last 12 months.
Listed by
HOMELIFE OPTIMUM REALTY
Walk Score
Walk Score is unavailable for this address right now.
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.
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