1/18566 MUSKY ISLAND Road, St. Charles
566 MUSKY ISLAND Road, St. Charles, ON P0H1R0
$2.3M total
1,200 SF
Asset Class
Hospitality
Size
1,200 SF
Building class
B
Zoning
CB2 — Central Business
$ / SF
$1917
Occupancy
91%
Lot Size
8.5 ac
About this property
Mashkinonje Resort (Formerly known as Mashkinonje Lodge & Lucky Strike Camp) is a Northern Ontario cottage rental resort for fishing, family vacations and outdoor enthusiasts. The resort is located about 4 hours from downtown Toronto in a truly unique setting on the famous West Arm of Lake Nipissing adjacent to the majestic Mashkinonje Provincial Park. It is a road access resort with unique self-contained cabins and a spectacular waterfront making it a premier Northern Ontario destination. The unique and charming accommodations have fully self-contained kitchens, 3-piece washrooms, private decks, fire pits and BBQs. There are extensive docking facilities that will ensure the safety of boats and provide easy access to the water anytime of the day. Amenities include sandy beach, outdoor games room, boat rentals, free use of paddle boards, kayaks, kids play area, and horseshoes – to name a few. It is also a pet friendly resort. The property is 8.5 acres in size with 900 ft of shoreline. It includes 11 cottages, a 3/4 bedroom lodge (currently occupied by owners), office, double car garage/shop, outdoor kitchen with pizza oven and smoker, a fish cleaning house, lake view deck, boardwalk and more. (id:66811)
Financial sandbox
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Monthly debt service
$11K
Projected NOI
$149K
Annual cash flow
$22K
Cash-on-cash
3.12%
DSCR
1.17
Going-in cap
6.48%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 1,097 SF | 2027-10 |
Area demographics
Trade area within 3 miles of the property.
Population
75,381
Households
32,163
Median income
$65,500
Median age
37.6
Daytime population
70,754
5-yr growth
5.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 566 MUSKY ISLAND Road, St. Charles.
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.