view of miscellaneous property collateral More Photos

×

    For Sale - 26 Salmon Side Road, Rideau Lakes, Ontario

    Est payment $15,126/mo
    Get pre-qualified
    Views   1
    Time on Jump  160 day

    AI Summary *

    • Fully occupied mobile home community with stable in-place income.
    • Approximately 49.46 acres with significant expansion potential for more sites.
    • Established community providing immediate cash flow and long-term growth.
    • Includes manager's residence and excess land beyond developed sites.
    • Rare opportunity for investors in affordable housing markets.




    Acquire a fully occupied 47-pad freehold land-lease mobile home community generating stable in-place income at a 4. 5% cap rate, with approximately 49. 46 acres of land and identified expansion potential for an estimated 70-130 additional sites, subject to approvals and servicing. 26 salmon side road presents a rare opportunity to acquire an established community combining immediate cash flow with substantial long-term growth potential. The property consists of 47 occupied land-lease sites, a manager's residence, and approximately 35 acres of excess land beyond the existing developed portion of the community. Preliminary review has identified approximately 21 acres of practical expansion area capable of supporting an estimated 70-130 additional sites, with approximately 70 sites representing the low-end practical scenario. Based on current operating performance and estimated expansion costs, investors may have a pathway toward a stabilized yield on cost in the range of approximately 7. 5%-8. 5%+ following future expansion. Opportunities to acquire stabilized mobile home communities with meaningful excess land are increasingly scarce throughout ontario, making this a compelling opportunity for operators, investors, and affordable housing groups seeking both current income and future value creation. Additional details found in "more information" link below.
    Listing IDX13070042
    Address26 Salmon Side Road
    CityRideau Lakes, Ontario
    Price$3,150,000
    StyleLand
    Land Size49.4
    TypeVacant Land
    StatusFor Sale

    Subtype LandSewer Septic

    ASAP

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    Mon

    2

    Nov

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    We're in the process of adding more listings. Please check back soon!

    Loading...
    26 Salmon Side Road
    Rideau Lakes , Ontario
    $3,150,000
    Get more info