100 Alcove Drive, Tay, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Rural Tay. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $6,188,000 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
- Premium 241.38 x 495 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Located on the shores of Georgian Bay in Port Severn this resort motel offers Kitchenettes, hotel rooms and waterfront cottage units. This area offers some of the best sport fishing and is also located on Highway 400 for maximum exposure for the Tourist Business. A total of 20 units and two separate living quarters make this an excellent package. All year round business. Almost 300 Ft waterfront. The famous public boat launch spot in Georgian Bay area. Diverse revenue streams: Marina & Boat Rental / Fishing tackle shop/ B&B/ Convenient Store opportunities. New roof on 2022. New dock on 2024. Business and Property "sold as is" offering a seamless transition for new owners. Showing on Tue/Wed/Thu with 24hrs notice, please do not talk to the guest & disturb the business.
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Pricing & Value Insights
Data-driven valuation for 100 Alcove Drive, Tay, ON L0K 1S0
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About Purchasing a Home in Tay, ON
For a property listed at $6,188,000 in Tay, the legal minimum down payment is $1,237,600 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 $141,175 for this transaction. As this listing is in Tay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $141,175.
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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.