3 Lena Street
Lake of Bays, ON
- 2 bath
- 0.82 sqft
- Commercial Retail
- 50 days on market
Exceptional Investment & Development Opportunity! Rarely does a property with this much potential become available. Located on the main street of a vibrant Muskoka community just minutes from beautiful Lake of Bays, this unique mixed-use property offers endless possibilities for investors, developers, or entrepreneurs. Set on a level 0.82-acre lot, the property includes two separate buildings, each with its own municipal water and sewer services. There may also be potential to sever the property into two lots (subject to municipal approvals).The Lena Street building was originally a home and has been converted into four self-contained apartments featuring two 2-bedroom units and two 1-bedroom units, with potential for an additional apartment. Measuring approximately 96' x 24', it features a durable metal roof and offers excellent value-add potential with exterior siding improvements. One tenant will remain, providing immediate rental income. The Bridge Street commercial building offers approximately 3,000 sq. ft. of concrete block construction on a slab with a metal roof. The original section was the town's first drug store, with a 1,500 sq. ft. addition completed in the 1980s. The building includes four storefronts, a large storage area with delivery door, and can be vacant on closing, allowing for immediate occupancy or leasing. Excellent exposure, easy access to Highway 117, and close proximity to Lake of Bays make this an outstanding opportunity for commercial, residential, or mixed-use development. While both buildings require updating, the possibilities are exceptional-from income-producing rentals and staff housing to retail, office, or future redevelopment. A rare chance to invest in one of Muskoka's growing communities with unlimited potential!
Listing Details
- Taxes (2026)
- $6,005
- Listed
- July 31, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 123 x 132 Feet
Parking
- Garage
- None
Utilities
- Water
- Water System
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Lena Street and Bridge Street
- Zoning
- SCC
- Parcel Number
- 481050381
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Other
- Office / Apartment Area
- 3000 Sq Ft
- Rental Term
- 0 months
Community
Postal area P0B
- Population
- 9,589
- Private dwellings
- 8,951
- Median age
- 53.2
- Average household size
- 2.3
- Median household income
- $90,000
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 Lake of Bays · last 12 months
- Median sold price
- $828,000
- Homes sold
- 113
- Median days on market
- 35
- Sale-to-list price
- 93.5%
Based on 113 recorded sales of commercial properties in Lake of Bays over the last 12 months.
Listed by
Royal LePage Lakes Of Muskoka Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $6,005
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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