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Business For Sale · Hospitality

N/A Meredith Street, Little Current

N/A Meredith Street, Little Current, ON P0P1K0

$795,000 total

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Asset Class

Hospitality

Size

—

Building class

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

About this property

Welcome to a truly unique property in the heart of Little Current—an established accommodation business offering five fully furnished separate rental units. Whether you’re looking to continue the existing hospitality operation, create a multi-generational property, or simply own an investment with options, this property offers flexibility that is hard to find. The property has already welcomed guests from near and far, creating an established presence as a sought-after place to stay on Manitoulin Island. With multiple units under one roof, there are countless ways to make this property your own and build on what is already here. Five units. One incredible property. Fabulous location. Endless possibilities. If you’ve been waiting for a Manitoulin investment that is anything but ordinary, this is one you won’t want to miss. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$795K

Down payment30% · $239K

Interest rate6.25%

Amortization25 years

Occupancy84%

Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$44K

Annual cash flow

$-422

Cash-on-cash

-0.18%

DSCR

0.99

Going-in cap

5.49%

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

127,160

Households

54,132

Median income

$71,500

Median age

43.6

Daytime population

214,639

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for N/A Meredith Street, Little Current.

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.