For Sale · Specialty

454 Langdon (Fairbank RD N) Road, Whitefish

454 Langdon (Fairbank RD N) Road, Whitefish, ON P0M3E0

$499,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

About this property

Welcome to this beautifully updated, turnkey cottage or camp on the crystal-clear waters of Little Fairbank Lake! This charming waterfront retreat features two bedrooms, a bright open-concept living area with a certified wood-burning stove, convenient laundry facilities, and a spacious three-season sunroom overlooking the lake—the perfect spot to enjoy your morning coffee while taking in the peaceful waterfront views. Situated on a gently sloping lot leading to the water's edge, this property offers everything you need to embrace lake life, including a lakeside sauna and an additional 10' x 12' sleep camp, perfect for accommodating family and guests. Extensively renovated and updated, this cottage offers peace of mind with numerous improvements completed over the years. In 2020, major upgrades included a new driveway, septic system completed by Canadian Shield Consultants, kitchen, bathroom, and a new heated waterline into the lake. In 2021, additional improvements included new ceilings, insulation, and bedroom walls. A new water pump was installed in 2025, adding even more value to this well-maintained retreat.Little Fairbank Lake is known for its beautiful, crystal-clear waters and peaceful surroundings, with access to Fairbank Lake through connecting channels, offering endless opportunities for boating, fishing, swimming, and exploring. Whether you're searching for a relaxing family getaway, a place to entertain friends, or your own private waterfront escape, this move-in-ready property checks all the boxes. Pack your bags, bring the family, and start making unforgettable memories at the lake! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$31K

Annual cash flow

$3K

Cash-on-cash

1.90%

DSCR

1.10

Going-in cap

6.11%

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

48,273

Households

19,954

Median income

$118,500

Median age

34.1

Daytime population

60,645

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 454 Langdon (Fairbank RD N) Road, Whitefish.

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.