For Sale · Specialty

14-4 - 532 10TH CONCESSION ROAD, Rideau Lakes

14-4 - 532 10TH CONCESSION ROAD, Rideau Lakes, ON K0G1X0

$55,900 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

92%

About this property

Enjoy effortless resort living at Wolfe Springs Resort in Westport, Ontario, with the opportunity to purchase a share in one of the inviting one-storey Hillcrest Villas. Designed for comfort and convenience, these beautifully appointed villas offer an ideal retreat surrounded by the natural beauty of the Rideau Lakes region. The bungalow-style, single-level layout provides easy living, while an elevator offers convenient access for those who may prefer not to use the stairs, adding an exceptional level of accessibility and ease. Thoughtfully designed interiors create a comfortable setting for relaxing and entertaining, while owners can enjoy a turnkey four-season getaway along with access to the resort's exceptional amenities and recreational opportunities. Whether you're seeking a peaceful escape, a place to gather with family and friends, or a shared vacation lifestyle, a Hillcrest Villa offers an outstanding opportunity to enjoy the best of Wolfe Springs Resort. Owners have 5 weeks of stays available throughout the year, with a fixed week in the summer. (id:66811)

Financial sandbox

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Estimate
Purchase price$56K
Down payment30% · $17K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$258

Projected NOI

$4K

Annual cash flow

$742

Cash-on-cash

4.42%

DSCR

1.24

Going-in cap

6.87%

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

108,133

Households

45,557

Median income

$87,000

Median age

44.1

Daytime population

157,667

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 14-4 - 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.