Muskoka Wharf Investor Alert
This short real estate investor video shows the benefits of investing in a world class condo hotel on Lake Muskoka run by the largest hotel brand in the world, introducing
The Residence Inn Marriott.
Muskoka Wharf is a $170 million Master-Plan Waterfront Village on Lake Muskoka in Gravenhurst, Ontario.
muskokawharf.com
(647) 348-8690
Last chance to own a Lake Muskoka condo for only $179,000
Hi, my name is Roman Bodnarchuk, and I really appreciate your time today. I want to talk to you about an incredible investment opportunity, specifically in real estate.
At the age of 14, I was able to purchase my first rental property. I was able to become a millionaire at 30 and get to a million dollars a year by 35. Most of that has come from the real estate success. What I can tell you about today, is a very interesting opportunity to own real estate in one of the most valuable places in the entire world.
So, location, location, location. We're going to cover that, why this is as good as it gets. Number two, in an asset class, which is doing incredibly well, which is the hotel business. Our location is in a place called Muskoka. For those of you that don't know Muskoka, it's only 90 minutes outside of Toronto, which is the fastest growing city in North America. Over 100,000 people a year are moving into Toronto. Over a million people in Southern Ontario already live in a condo. It's become kind of a concrete jungle, and 90 minutes away they can be in nature. For 200 years, they've been escaping to Muskoka.
Muskoka is a really special place. Recently, National Geographic said it's one of the few places in the world that can change your child's life, consistently rated as the number one to vacation in the summertime. Again, this is by National Geographic. I mean, they've been to enough places in the world, so we can take them at their word. Recently, only a couple years ago, we had all the world leaders come for the G8 Summit.
For 200 years, Muskoka's really been the Lifestyle's of the Rich and Famous. Today you find a lot of mutual fund managers, hedge fund managers, movie stars, all kinds of athletes own places in Muskoka. How it works in the Toronto lifestyle is once you get to that top percentile of income and success, typically you buy a place in Muskoka. For me it was the age of 30.
The next part about Muskoka I want to talk to you about is specifically where we are. Gravenhurst is really the hub of Muskoka, theatre, entertainment, festivals, it all happens in Gravenhurst. Next, I want to talk about the value of Lake Muskoka. Historically, lakefront real estate in Muskoka is really expensive and the bigger the lake, the more expensive it is.
Lake Muskoka is the biggest lake in Muskoka, and it's connected to Lake Rosseau and Lake Joe. Just to give you a real number, the average property that sold this year in Muskoka was over a million dollars. It's actually been that way for almost 20 years. The least expensive listing on MLS [Multiple Listing Service] is around $400,000.00 for just kind of a raw, vacant land and it goes up to $13 million. That's kind of the range.
Let's talk about very specifically where we're located. We're in a brand new village. This is a waterfront village called Muskoka Wharf. It's a 170 million dollar development that was recently completed, which has one kilometre of boardwalk that links Segwun and the Wenonah, those famous steam ships, with a series of restaurants and shops and all kinds of fun, fun things, and our property is run by the number one hotel brand for 50 years in 72 countries.
With a fully furnished condominium, so you've got the best of both worlds. You have this beautiful condominium with all the full cleaning services you expect at the best hotels, but you also have a free breakfast, and the indoor pool, and the hot tub, and the gym, and the fire pits, and all of those other fun things that you'd expect at a five-star resort.
For those of you who have never invested in a hotel, hotels don't actually own any real estate, so what they do is they usually have a developer or a group of investors that purchase the property, and the hotel brand runs it for them. They're the operator. Our hotel is no different. We have 106 units, and we have 106 owners. Each one is individually owned, but when you stay at our hotel, you wouldn't know that.
If you bought a rental property in Ontario, you'd have some really interesting government rules. For example, in 2013, you cannot raise your rent more than 0.6%. Hotels don't have that same challenge. Hotels can charge whatever the market will bear. Our hotel, since we opened four years ago, on average, has been increasing our revenue between 10 and 14%.
In the worst financial times, when people stopped traveling, our hotel was growing 10 to 14% a year. Staggering. Now, could you earn more? Absolutely