Business For Sale · Land

16 ISLAND 810/ROYAL ISLAND, Georgian Bay (Baxter)

16 ISLAND 810/ROYAL ISLAND, Georgian Bay (Baxter), ON P0E1E0

$748,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

83%

Lot Size

2.45 ac

About this property

Discover the perfect setting for your dream Georgian Bay waterfront retreat on beautiful Royal Island, just minutes by boat from several marinas in the heart of Honey Harbour. This exceptional vacant lot showcases expansive smooth granite shoreline, iconic windswept pines, and deep, crystal-clear water ideal for swimming, docking, and enjoying the Georgian Bay lifestyle. Sheltered shoreline and breathtaking natural surroundings create the perfect balance of privacy, beauty, and accessibility. Combining timeless Georgian Bay character with convenient access to the mainland, this remarkable property is ready for you to bring your vision to life. Preliminary design concepts are included to help inspire the possibilities and illustrate the potential for creating a custom waterfront retreat tailored to your lifestyle. Whether you're envisioning a seasonal escape or a legacy family property, this is a rare opportunity to own an extraordinary piece of Georgian Bay. (id:66811)

Financial sandbox

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Estimate
Purchase price$748K
Down payment30% · $224K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$-5K

Cash-on-cash

-2.32%

DSCR

0.87

Going-in cap

4.85%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

111,850

Households

46,802

Median income

$88,500

Median age

43.3

Daytime population

103,432

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 16 ISLAND 810/ROYAL ISLAND, Georgian Bay (Baxter).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.