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Business For Sale · Specialty

7461 HIGHWAY 6, Northern Bruce Peninsula

7461 HIGHWAY 6, Northern Bruce Peninsula, ON N0H2R0

$789,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

85%

Lot Size

0.24 ac

About this property

TOBERMORY IN-TOWN OPPORTUNITY! Commercially zoned and ideally located in the heart of Tobermory, this versatile property is within walking distance to the harbour, shops, restaurants, recreation and local amenities. Offering over 2,300 sq.ft. of living space, the property features two separate living areas with 2 kitchens, 2 living rooms, 5 bedrooms plus 3 loft-style storage areas, and 4 full bathrooms. Perfect as a year-round home, cottage, income property or B&B opportunity. Enjoy a blend of historic character and modern updates, including 2 propane fireplaces, a sunroom, recreation room with pool table, updated water treatment system and laundry facilities. Outside you'll find low-maintenance landscaping, multiple seating areas, a unique lighthouse-style storage building and an additional storage shed. Located directly on Highway 6 in downtown Tobermory! Walk to restaurants, ice cream shops, the Chi-Cheemaun ferry and enjoy nearby boating, hiking, diving, kayaking and more. A turn-key property loaded with potential and a history of proven rental income, in one of Tobermory's most sought-after locations. An Investment opportunity not to be missed! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$789K
Down payment30% · $237K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$45K

Annual cash flow

$1K

Cash-on-cash

0.52%

DSCR

1.03

Going-in cap

5.70%

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

133,920

Households

55,794

Median income

$108,500

Median age

33.5

Daytime population

128,799

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 7461 HIGHWAY 6, Northern Bruce Peninsula.

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.