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Investment signal

$1,495,000

3173 MUSKOKA RD 169

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Location

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About this home

Exceptional opportunity to own a well-situated commercial property right in the heart of Bala's vibrant downtown core. Offering 1,403 sq. ft. of main floor retail space and featuring a large parking area for customers, this property provides excellent visibility and foot traffic - an ideal setting for a retail business. The building also includes additional living quarters upstairs, perfect for owner use or added rental income. With potential to expand by adding another dwelling, this property offers great versatility for both business and investment purposes. A rare chance to invest in one of Muskoka's most popular year-round destinations. (id:65958)

Subtype: Retail
Community: Medora
Living area: 1
Lot size: 0.66 acres
Lot dimensions: 0.66
On market: Oct 21, 2025
Status changed: Apr 16, 2026
Annual tax: $3,200 (2024)
Zoning: C3
Photos: 31
MLS#: X12473445
Area: MUSKOKA_LAKES_(MEDORA)

Features and systems

Cooling

Fully air conditioned

Negative cash flow ~$2,870/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.52%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,496

Financing

Down payment$299,000

Loan amount$1,196,000

Mortgage$7,337/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$685

Insurance$80

Maintenance$1,246

CapEx reserve$623

Vacancy loss$374

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Muskoka Lakes (Medora). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,337/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.