98 Joseph St

Port Carling, Ontario P0B 1J0

$895,000

Reduced
Property Information

RARE OPPORTUNITY to own this widely popular, successful and critically acclaimed restaurant in a prime waterfront location in the heart of Muskoka. This property is situated at the hub of Lakes Muskoka, Lake Rosseau and Lake Joseph at the iconic boat locks of Port Carling. Overlooking the Indian River on the Lake Rosseau side, diners relish the stunning views! A chance to own the building, land and all chattels ensure that you will be ready to continue your business without a hiccup. 100 foot waterfront plus 90 feet on the main street which is Hwy 118W…a high traffic location..the BEST site in town! This offering is “Turn key” and the business investment has been extensive. Along with all chattels you will be supplied with a wide array of suppliers, a sterling reputation and consistently heavy consumer traffic. Hit the ground running in one of Canada’s most popular tourist destinations. Voted one of the world’s top 10 destinations by National Geographic. The restaurant has a licensed capacity of 144 people in the interior and wrap around waterfront patio. Features 9 parking spaces (3 out front, 6 owned public parking though cash in lieu township agreement). The current permit allows the covered patio to be converted to a fully insulated indoor space. List of recent extensive upgrades available and a full liquor licence is transferable. Voted Best New Restaurant in 2012 in Where Magazine. #1 ranked on Trip Advisor (Certificate of Excellence 2013, 2014, 2015, 2016). DiRoNa Award of Distinction in Fine Dining 2016 and 2017 (1st restaurant in Muskoka to win this award, only 68 restaurants in Canada with this distinction). Own a winner!

Property Features
  • Extensive Upgrades: Dining room carpet in 2012/Front entrance tiles in 2013/Floors in washrooms and office in 2013
  • Extensive Upgrades: Entire building electrical & plumbing replacement and efficiency upgrade in 2012
  • Extensive Upgrades: Entire roof replaced in 2015
  • Extensive Upgrades: Kitchen hood vent exhaust system motor and belts in 2014
  • Extensive Upgrades: Modern interior design completely made over in 2012
  • Extensive Upgrades: New furnace in 2012 (new mother board upgrade 2016)
  • Extensive Upgrades: New propane tanks for heating/cooling and cooking in 2012
  • Extensive Upgrades: New water heater in 2014
  • Extensive Upgrades: Nitrogen fire suppression and advanced fire systems from Muskoka Fire Protection in 2016
  • Extensive Upgrades: Patio addition and renovations including solid roof & glass railings from 2015
  • Extensive Upgrades: Walk in fridge compressor in 2016 (5 year warranty)
  • Exterior Features: 1100 sq.ft. Outdoor Lakeside Patio
  • Exterior Features: 9 parking spaces
  • Exterior Features: Stone landscape in front exterior in 2012
  • Interior Features: 4 washrooms
  • Interior Features: Handicap ramp/entrance and accessible washroom
  • Lot Size: .20 acres
  • Lot Size: 100 ft
  • Lot Size: 90 ft on Hwy 118W.
  • Mechanical: Central air & forced air propane
  • Taxes: $5326 in 2017
  • Utility Costs 2016: $24480 including gas/hydro/water/phone/wifi
  • waterfront
Location