For Sale · Specialty

10-3 - 532 10TH CONCESSION ROAD, Rideau Lakes

10-3 - 532 10TH CONCESSION ROAD, Rideau Lakes, ON K0G1X0

$49,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

83%

About this property

Experience the best of resort-style living at Wolfe Springs Resort in Westport, Ontario, with the opportunity to purchase a share in one of the beautifully appointed Fairway Villas. Set amidst the natural beauty of the Rideau Lakes region, this unique ownership opportunity offers a relaxed and luxurious retreat with access to exceptional resort amenities, recreational activities, and the surrounding charm of Westport. Enjoy a turnkey getaway designed for effortless four-season living, with the Fairway Villas offering comfortable accommodations and a picturesque setting overlooking the resort's lush grounds and Evergreen Golf Course's fairways. Whether you're looking for a private escape, a place to entertain family and friends, or an investment in a shared vacation lifestyle, ownership at Wolfe Springs provides an exceptional opportunity to enjoy all that this sought-after destination has to offer. Owners have 5 weeks of stays available throughout the year, with a fixed week in the summer. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$49K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$226

Projected NOI

$3K

Annual cash flow

$295

Cash-on-cash

2.01%

DSCR

1.11

Going-in cap

6.14%

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

76,906

Households

27,502

Median income

$102,000

Median age

32.5

Daytime population

85,506

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 10-3 - 532 10TH CONCESSION ROAD, Rideau Lakes.

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.