Business For Sale · Specialty

2652 HIGHWAY 528 HIGHWAY, West Nipissing (Lavigne)

2652 HIGHWAY 528 HIGHWAY, West Nipissing (Lavigne), ON P0M2N0

$2.4M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

94%

About this property

Fishing lodge for sale located on the French River. Sixteen housekeeping cabins, main lodge with reception area, dining area, commercial kitchen recreation room, owners living quarters, patio, boat slips, boat house, boat rentals, and much more. This lodge is in excellent condition with great income. Full information package available to qualified buyer's. Please do not go directly to the lodge, all viewings are by appointment only. Year built is 1980. Included in the sale is12 fishing boats with 25 HP motors and 5 various size pontoons and a long list of chattels included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.35M
Down payment30% · $705K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$141K

Annual cash flow

$11K

Cash-on-cash

1.56%

DSCR

1.08

Going-in cap

6.01%

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

103,561

Households

42,959

Median income

$103,500

Median age

35.2

Daytime population

92,784

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 2652 HIGHWAY 528 HIGHWAY, West Nipissing (Lavigne).

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.