1/23468 WARNER BAY Road, Tobermory
468 WARNER BAY Road, Tobermory, ON N0H2R0
$2.0M total
11,545 SF
Asset Class
Hospitality
Size
11,545 SF
Building class
A
Zoning
CB2 — Central Business
$ / SF
$172
Occupancy
89%
Year Built
1960
Lot Size
8.4 ac
About this property
Rare opportunity to own a stunning waterfront retreat in Tobermory set on approximately 10 acres with 575 feet of pristine Lake Huron frontage. The property features five updated cottages, each thoughtfully improved to provide comfortable accommodations for family and guests. Whether enjoyed as a private family compound, a shared getaway for multiple generations, or a seasonal retreat, the property offers an exceptional combination of privacy, natural beauty, and waterfront living. The existing cottages also provide the flexibility to generate short-term rental income when not in personal use. With expansive grounds and tourist commercial zoning offering future development potential, this is a truly unique opportunity in one of Ontario's premier waterfront destinations. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$123K
Annual cash flow
$13K
Cash-on-cash
2.10%
DSCR
1.11
Going-in cap
6.17%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 3,421 SF | 2031-02 |
| Prairie Coffee Roasters | 2,266 SF | 2031-02 |
| Prairie Coffee Roasters | 4,542 SF | 2031-02 |
Area demographics
Trade area within 3 miles of the property.
Population
39,593
Households
18,332
Median income
$80,500
Median age
41.9
Daytime population
55,031
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 468 WARNER BAY Road, Tobermory.
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.