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Welcome to this remarkable vacant land located in the coveted neighborhood of Norman. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $2,250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
**Prime Highway Commercial Waterfront Opportunity** **Ideal for Hotel Development** Preliminary design plans have been developed, making this property a prime candidate for hotel development. But that's not all - many other business uses are permitted, offering endless possibilities. **Floating Boat Port and Updated Docking** Imagine a floating boat port and updated docking facilities, accommodating over 50 vessels. This feature promises a continuous revenue stream. **All Services On Site** All essential services are available on-site, ensuring a seamless development process. **Unmatched Location** Situated directly off the TransCanada Highway, this property boasts immense traffic flow and optimum visibility from both the road and waterside. **A Golden Opportunity in Kenora** Seize this fantastic opportunity to bring your vision to life in Kenora. With robust local support year-round and a population surge during the summer months, thanks to booming tourism, this prime waterfront property is perfect for your next business venture. Note: Lot Lines Displayed On The Images Are For Visual Representation Only. Contact The Listing Agent For More Information
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The current listing price for 543 Lakeview Drive, Kenora, ON in Norman, Kenora is $2,250,000.
This property features null bedrooms and null bathrooms.
543 Lakeview Drive, Kenora, ON is a Vacant Land () featuring a Other basement.
Interior highlights include: Other.
Heating is provided via standard central heat and cooling via Other.
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Data-driven valuation for 543 Lakeview Drive, Kenora, ON P9N 3P6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Kenora.
About Purchasing a Home in Kenora, ON
For a property listed at $2,250,000 in Kenora, the legal minimum down payment is $450,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $42,725 for this transaction. As this listing is in Kenora (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $42,725.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.