For Sale · Specialty

458 Langdon (Fairbank RD N) Road, Whitefish

458 Langdon (Fairbank RD N) Road, Whitefish, ON P0M3E0

$599,000 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

96%

About this property

Welcome to your own waterfront retreat on Little Fairbank Lake! This beautifully renovated, turnkey cottage or camp offers nearly 1,200 square feet of living space, combining rustic charm, quality craftsmanship, and modern upgrades in a peaceful lakeside setting. Step inside and be impressed by the soaring 19-foot cathedral ceilings, warm pine finishes, and inviting open-concept living area featuring a certified wood-burning fireplace. The main floor offers two bedrooms, a full bathroom, and laundry facilities. Upstairs, the loft provides room for multiple beds and features its own bathroom. Major renovations in 2021 included stabilizing the foundation with new beams, rebuilding portions of the original cabin's walls and roof, installing a new septic system, and updating the bathrooms. The rebuilt structure features white pine timber framing, a durable steel roof with an impressive 9 inches of foam insulation, and insulated steel wall panels finished with beautiful rough-cut pine siding.The craftsmanship continues throughout, with cedar posts, beams, decking, and dock materials sourced from an Amish cedar mill near Keady, ON. Exterior wood surfaces have been treated with Sansin stains, while the interior features warm pine shiplap walls and durable Trusscore finishes in the kitchen and bathrooms. In 2022, the interior renovations were completed, along with the addition of a new dock platform, floating dock, and screened-in waterfront building. A Heat pump and AC was installed. Further improvements include a new aluminum dock ramp and water pump in 2025, along with a heated waterline extending into the lake. Little Fairbank Lake is known for its beautiful, crystal-clear waters, with access to Fairbank Lake, offering endless opportunities for boating, fishing, swimming, and exploring. This thoughtfully renovated property offers the perfect blend of cottage charm, impressive craftsmanship, and modern conveniences. A truly special Northern Ontario waterfront retreat. (id:66811)

Financial sandbox

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Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$47K

Annual cash flow

$14K

Cash-on-cash

7.91%

DSCR

1.43

Going-in cap

7.91%

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

97,705

Households

44,624

Median income

$76,000

Median age

42.2

Daytime population

141,939

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 458 Langdon (Fairbank RD N) Road, Whitefish.

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.