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$4.8M 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
94%
Lot Size
3.89 ac
An exceptional opportunity to own a truly special cottage resort on pristine Oxtongue Lake, in one of Ontario's most sought-after recreational destinations near world-renowned Algonquin Park. Cloverleaf Cottages has become one of the area's most popular resorts with 13 distinctive cottages (3 winterized) , immaculate gardens and grounds, extensive guest amenities, substantial waterfront, excellent income, and exceptionally loyal, repeat clientele. Property features an office with store, main building which could be utilized for an owner or manager's home, two-car garage, coin-op laundry facilities, multiple gazebos with incredible vantage points throughout, charming gathering spaces, and a popular kid's playground with basketball court. Consists of eight (2) bedroom cottages, four (3) bedroom cottages, and one cozy (1) bedroom cottage. Several are located right on the waterfront. All cottages are uniquely designed and furnished and include a fully-equipped kitchen, satellite tv, wireless internet, deck with outdoor furniture and bbq. Canoes, pedal boats and kayaks are available for guest use. All of this is exactly why this resort boasts full occupancy from mid-May to mid-October. 450 feet of waterfront and 3.9 acres of land, right on the lake. Swimming, boating, fishing, paddling and lakeside relaxing are all right here. Shopping and dining in nearby Dwight, historic downtown Huntsville is 25 minutes away. Algonguin Park allows for even more hiking and recreational opportunities. ATV and snowmobile trails down the road. Whether you are an experienced resort operator, investor, entrepreneur or family seeking a business that combines income with an extraordinary lifestyle, this is a rare opportunity to acquire a resort that has clearly been loved and exceptionally well cared for. (id:66811)
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Monthly debt service
$22K
Projected NOI
$333K
Annual cash flow
$67K
Cash-on-cash
4.66%
DSCR
1.25
Going-in cap
6.94%
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.
Trade area within 3 miles of the property.
Population
131,190
Households
47,137
Median income
$86,000
Median age
44.2
Daytime population
171,316
5-yr growth
3.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1050 OXTONGUE LAKE ROAD, Algonquin Highlands (McClintock).
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.