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Business For Sale · Specialty

121 SOUTH RANKIN STREET, Saugeen Shores

121 SOUTH RANKIN STREET, Saugeen Shores, ON N0H2L0

$1.3M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

99%

Lot Size

1.23 ac

About this property

This is your chance to own a unique investment property that is generating income and brimming with potential. Located in the sought after lake side community of Southampton along the renowned Saugeen River near the shores of Lake Huron. Known as Riverview Tourist Camp and owned by the same family for over 50 years, this is a fantastic opportunity. Situated on a 1.23 acre riverfront lot with expansive river frontage and amazing river views this property is something special. The camp is currently comprised of 20 seasonal trailer sites with electricity and municipal water & sewer, a shower/bath building, two cozy cottages rented year-round, and a main 4 season house with 2 bedrooms/1.5 bathrooms. The home would be perfect to use as your own private getaway or as an additional rental accommodation to drive more revenue. The current zoning is commercial recreational and environmental protection giving way to a number of potential uses subject to the proper consultation and approvals with the municipality and conservation authority. The Saugeen River is recognized far and wide for its world class fishing. Enjoy easy boating access to Lake Huron. This is an great opportunity to own a special little piece of Southampton. All measurements and boundaries are approximate and for reference purposes only. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$101K

Annual cash flow

$31K

Cash-on-cash

8.34%

DSCR

1.45

Going-in cap

8.04%

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

138,460

Households

49,720

Median income

$88,000

Median age

45.2

Daytime population

136,649

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 121 SOUTH RANKIN STREET, Saugeen Shores.

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.