Business For Sale · Specialty

1957 TAMARACK LANE, Severn

1957 TAMARACK LANE, Severn, ON P0C1M0

$4.9M 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

95%

Lot Size

6.4 ac

About this property

Excellent turnkey marina and resort opportunity located on the Trent-Severn Waterway, approximately 90 minutes north of Toronto and the first marina heading into the Muskoka region. Set on over 6.4 acres with nearly 1,000 feet of shoreline, this well-established property offers exceptional waterfront exposure and a wide range of income-generating opportunities.The marina features two waterfront cottages, an in-law suite, and two cabins, all renovated and configured into five waterfront rental suites. Guests can enjoy scenic water views, a swim dock, sauna, and a four-season washroom facility complete with showers and multiple stalls.The commercial marina operation includes 87 open boat slips, RV sites, fuel service, rental boats, water taxi and barge services. Two storage and repair buildings (approximately 40 x 60 ft each) provide space for maintenance operations and winter boat storage, accommodating approximately 25 boats indoors and 25 outdoors. Additional improvements include steel and aluminum docks, security camera system, Wi-Fi throughout the property, a newer above-ground fuel tank, and a concrete boat launch.The C-8 zoning permits a wide variety of uses including marina operations, hotel accommodations, restaurant uses, residential development opportunities and more (buyer to verify permitted uses). A rare opportunity to acquire a well-maintained waterfront commercial property with multiple revenue streams and future development potential. Sale contains three parcels of land. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.90M
Down payment30% · $1.47M
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$351K

Annual cash flow

$80K

Cash-on-cash

5.42%

DSCR

1.29

Going-in cap

7.17%

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

90,835

Households

38,356

Median income

$134,500

Median age

39.6

Daytime population

129,273

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 1957 TAMARACK LANE, Severn.

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.