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

    Est payment $15,126/mo
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    Views   2
    Time on Jump  135 day

    AI Summary *

    • Fully occupied mobile home community with 47 land-lease sites generating stable income.
    • Approximately 49.46 acres of land, with room for expansion of 70-130 additional sites.
    • Immediate cash flow combined with long-term growth potential for investors.
    • Includes manager's residence and 35 acres of excess land for development.
    • Rare opportunity for stable income and future value creation in Ontario.




    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 IDX13070044
    Address26 Salmon Side Road
    CityRideau Lakes, Ontario
    Price$3,150,000
    StyleInvestment
    Land Size49.4
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Other

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    Listing Agency:  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.

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