20 FRONT STREET
Saugeen Shores, Ontario
MLS® X13605490
$6,999,999
- Status
- Active
- Property type
- Business
- MLS® number
- X13605490
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 14Listing description
Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there.
Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines.
A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available, estimated 1.
8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates.
View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence.
Property summary
- MLS® number
- X13605490
- Property type
- Business
- Land size
- 19762.52 acres
- Annual property taxes
- $14,508.00
- Days on market
- 32 days
Features & details
- Heating
- Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $6,999,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Strive Realty Ltd., Oshawa.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.