1/32271 SMITH BAY Road, Gore Bay, Manitoulin Island
271 SMITH BAY Road, Gore Bay, Manitoulin Island, ON P0P1H0
$369,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
84%
About this property
A rare opportunity on sought-after Smith's Bay. This cozy, rustic waterfront cottage is exactly what a Northern Ontario getaway should feel like—simple, private and surrounded by nature. The cottage offers two bedrooms plus a loft for additional sleeping space, making it a great fit for family weekends, fishing trips or summer escapes with friends. Set along beautiful Smiths Bay, you’ll enjoy incredible water views, peaceful surroundings and direct access to some of the area’s well-known fishing. Best of all, you’re tucked away in a quiet waterfront setting while still being just a short drive to Gore Bay for groceries, restaurants, the marina and everyday amenities. A unique Manitoulin Island retreat with tons of charm, potential and a location that’s hard to replace. (id:66811)
Financial sandbox
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Monthly debt service
$2K
Projected NOI
$19K
Annual cash flow
$-1K
Cash-on-cash
-1.10%
DSCR
0.94
Going-in cap
5.21%
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
63,127
Households
22,710
Median income
$113,500
Median age
31.6
Daytime population
104,257
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 271 SMITH BAY Road, Gore Bay, Manitoulin Island.
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.