26 SALMON SIDE ROAD
Rideau Lakes, Ontario
MLS® X13070044
$3,150,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13070044
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 22Listing description
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.
Property summary
- MLS® number
- X13070044
- Property type
- Business
- Square footage
- 49 sq ft
- Land size
- 49.4 acres
- Annual property taxes
- $29,830.00
- Days on market
- 119 days
Features & details
- Heating
- Other
- Cooling
- None
What would this home cost you?
Based on the $3,150,000 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 RE/MAX HALLMARK REALTY GROUP, OTTAWA.
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.