For Sale · Specialty

1079 Prince Lake RD, Sault Ste. Marie

1079 Prince Lake RD, Sault Ste. Marie, ON P6A6K4

$169,900 total

—

Asset Class

Specialty

Size

—

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

90%

Lot Size

0.53 ac

About this property

**Your Own Private Waterfront Escape – Just Minutes from Sault Ste. Marie!** Imagine having your very own peaceful waterfront retreat, where the beauty of nature, quiet mornings, and spectacular lake views are all yours to enjoy, just minutes from the city! Nestled along the shores of beautiful, spring-fed Prince Lake in Prince Township, this charming 2-bedroom, 1-bathroom cabin offers a rare opportunity to enjoy the waterfront lifestyle without travelling far from home. Located just 10.6 km from the Sault Ste. Marie city limits and 13.5 km from the airport, it's the perfect escape whenever you need a little peace and quiet. Inside, natural light fills the inviting & fashionable living spaces, complemented by newer flooring and fresh paint. Step outside onto the spacious deck, where you can savour your morning coffee overlooking the lake, unwind with a good book, or simply take in the sights and sounds of nature. The level outdoor area offers additional space to relax and enjoy the surroundings. Prince Lake encompasses approximately 120 acres, offering opportunities for fishing, paddling, and exploring the water at your own pace. The cabin is equipped with 100-amp electrical service, telephone service, a holding tank, and a lake intake water system. **A little piece of paradise, closer than you think.** There's something truly special about having your own place on the water, a peaceful sanctuary to escape the everyday, recharge, and enjoy life's simple pleasures. Your waterfront dream may be more within reach than you ever imagined! The property is split by the road. Extra parking on the other side. Room to grow! Add a bunkie or garage! Just over half an acre of property for endless opportunitues. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$170K
Down payment30% · $51K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$785

Projected NOI

$11K

Annual cash flow

$2K

Cash-on-cash

3.87%

DSCR

1.21

Going-in cap

6.70%

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

86,127

Households

31,344

Median income

$85,500

Median age

42.7

Daytime population

123,578

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 1079 Prince Lake RD, Sault Ste. Marie.

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.