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$649,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
82%
Holy Moly! Rare opportunity to own this one of a kind waterfront property with 2 cottages, located on Elbow Lake, that’s approximately 20 minutes from Sudbury, in an unorganized township, with very low property taxes, less than ($1300/yr). The main 4 bedroom cottage is only 10yrs old, and is over 2100 sqft and features an open concept floor plan with large windows and panoramic lake views. A gorgeous custom kitchen with a massive island, double stainless steel fridge/freezer, stainless steel propane stove, large pantry, plus there are 4 spacious bedrooms, a 4 pce bathroom, main floor laundry, and a large entrance. Your guests will love the cozy self-contained 2nd cottage that offers a full kitchen, 3 pce bathroom, plus extra sleeping space, perfect for hosting family and friends or providing a quiet retreat for relaxation. Unwind in the private wood heated sauna, a luxurious addition that enhances the property's appeal and provides a perfect way to relax and rejuvenate. This unique property is a rare find whether you're looking for a cottage retreat, or a lucrative vacation rental. This turn-key dream property comes with all appliances, indoor/outdoor furniture, docks, solar panels, batteries, and generator. With the right offer, sellers would include equipment such as Kubota tractor, side x side, pontoon boat, wood splitter, and pretty much everything seen in the pictures. This property is fully off grid, it efficiently runs off solar, propane, and generator for even lower costs. The neighboring property has hydro and sellers were quoted approximately 25k to run hydro, but they preferred low cost off grid option. This waterfront gem on Elbow Lake sits on a large private lot, with 450’ of frontage, truly is a must-see. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$-1K
Cash-on-cash
-0.53%
DSCR
0.97
Going-in cap
5.38%
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.
Trade area within 3 miles of the property.
Population
144,516
Households
60,244
Median income
$112,500
Median age
34.8
Daytime population
242,355
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 231B Sabourin Road, Wanup.
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.