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$429,000 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
93%
OWN THE LAND, LOVE THE LIFESTYLE...Escape to the relaxed pace of lakeside living where weekends naturally turn into lifelong memories. For generations, 1048 Lakeshore Road in Selkirk has been a cherished family retreat, and now it's ready for its next chapter. Even more unique, it's the only property in the area where you OWN THE LAND, giving you the freedom and long-term value that's rarely available in this sought-after waterfront community. Originally built as a home, the property was later converted to a retail store before returning to the comfortable 4-SEASON COTTAGE it is today. It is CURRENTLY COMMERCIALLY ZONED, adding an extra layer of flexibility for future possibilities while continuing to serve as a year-round residence or cottage. Inside, you'll find a functional layout featuring a bright living room, dining room, kitchen with pantry, utility/laundry room, 2 bedrooms and 2 bathrooms, including a primary bedroom with its own 3-piece ensuite. Three separate entrances offer added convenience, while forced-air gas heating, newer central air conditioning, copper plumbing, 100-amp breaker service and a slab foundation provide practical everyday comfort. A triple asphalt driveway offers plenty of parking for family and guests. Located just a short drive from Selkirk Provincial Park and Beach, Toronto Motorsports Park, and Cottonwood Mansion Museum, you'll have easy access to outdoor recreation, local attractions and everything that makes this area such a popular destination. The property is serviced by a septic system and cistern, as is common throughout the area. Opportunities to own land in this lakeside community are exceptionally rare. Add in the property's unique history, current commercial zoning, and comfortable year-round living, and you'll discover a one-of-a-kind opportunity to create your own family memories for generations to come. CLICK ON MULTIMEDIA for drone photos, floor plans and more. (id:66811)
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Monthly debt service
$2K
Projected NOI
$23K
Annual cash flow
$-277
Cash-on-cash
-0.22%
DSCR
0.99
Going-in cap
5.48%
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
61,545
Households
24,279
Median income
$119,000
Median age
31.3
Daytime population
71,377
5-yr growth
3.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1048 LAKESHORE ROAD, Haldimand.
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.