1/34271 Smith Bay RD, District of Manitoulin, Gore Bay
271 Smith Bay RD, District of Manitoulin, Gore Bay, ON P0P1H0
$369,900 total
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Asset Class
Specialty
Size
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Building class
C
Zoning
US — Urban Services
$ / SF
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Occupancy
94%
Year Built
1925
Lot Size
0.69 ac
About this property
A rare opportunity to own on Smith Bay Road! Welcome to 271 Smith Bay, a beautiful waterfront cottage offering incredible views and endless potential. This is truly a fisherman's paradise, with access to some of the area's best fishing including rainbow trout, lake trout, walleye, smallmouth bass, muskie, sturgeon, and pike. Whether you're looking for a peaceful getaway, a family cottage, or a property you can make your own, this one is full of possibilities. Enjoy beautiful waterfront views, quiet surroundings, and the chance to create something special in a sought-after location. Properties like this don't come along often! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$26K
Annual cash flow
$5K
Cash-on-cash
4.90%
DSCR
1.27
Going-in cap
7.01%
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
123,256
Households
54,200
Median income
$89,000
Median age
44.8
Daytime population
165,040
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 271 Smith Bay RD, District of Manitoulin, Gore Bay.
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.