Business For Sale · Retail

1048 LAKESHORE ROAD, Haldimand

1048 LAKESHORE ROAD, Haldimand, ON N0A1P0

$429,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

93%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$429K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1048 LAKESHORE ROAD, Haldimand.

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.