For Sale · Specialty

231B Sabourin Road, Wanup

231B Sabourin Road, Wanup, ON P3E4N1

$649,900 total

—

Asset Class

Specialty

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

82%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 231B Sabourin Road, Wanup.

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.