22382 Highway 35 Highway, Lake of Bays, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Ridout. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $230,000 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.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning 5000 + sqft on a spacious lot (Acres)
Description
The property offers strong revenue potential, with the possibility of installing multiple billboards to generate passive income. Located at the prime intersection of Hwy 117 & Hwy 35 in Dorset, this 1.45-acre commercial/residential/ep lot offers an exceptional investment opportunity. Boasting high traffic exposure and stunning western lake views, this property is perfect for a range of developments, whether for commercial ventures or residential use. With convenient access to major highways, it provides maximum visibility and ease of access, making it an ideal location for mixed-use projects, residential development, or a thriving business. This lot, previously home to an older building that has since been removed, retains grandfathered rights, allowing for the construction of a property similar in size to the previous structure. Any adjustments to the building or changes in use would require permits from the city. For detailed information on all permitted dwellings and uses allowed under the current zoning, please refer to the attached documentation.
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Property Summary
This vacant land located at 22382 Highway 35 Highway, Lake of Bays is currently for sale and has been available on SousaSells for 314 days. This property is listed at $230,000 with an estimated mortgage of $766* per month. It has 0 beds, 0 bathrooms, and is 5000 + square feet. 22382 Highway 35 Highway, Lake of Bays is in the Ridout neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 22382 Highway 35 Highway, Lake of Bays, ON P0A 1E0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Lake of Bays, ON
For a property listed at $230,000 in Lake of Bays, the legal minimum down payment is $11,500 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 $2,025 for this transaction. As this listing is in Lake of Bays (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,025.
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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.