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For Sale · Specialty

62 Sand Bar RD, Goulais River

62 Sand Bar RD, Goulais River, ON P0S1E0

$199,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

Lot Size

1.16 ac

About this property

Bunkie By The Bay Charming off-grid Bunkie located in the Goulais River area on the shores of Lake Superior. This cozy retreat features a 10×10 main floor and an 8×10 loft bedroom. This bunkie can accommodate up to 4 guests with a queen bed in the loft (ideal for 2 adults) and additional sleeping space on the main level via a small couch and beach lounger with patio cushions. The property includes a separate shed equipped with cooking supplies, a propane mini-fridge, barbecue, and camp stove. An Amish-built outhouse is on site. Outdoor amenities include 230 feet of cobblestone beach with a sandy bottom for swimming in Lake Superior, a picnic table for outdoor dining, and a steel fire pit. A flowing creek nearby adds to the natural setting. Perfect for those seeking a peaceful, unplugged getaway in Northern Ontario. Close proximity to Sault Ste. Marie while offering complete privacy and direct access to Lake Superior's shoreline. https://www.airbnb.ca/rooms/1450118985842183565source_impression_id=p3_1793715892_P3nrszRcLCmurJCd (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$923

Projected NOI

$13K

Annual cash flow

$2K

Cash-on-cash

3.40%

DSCR

1.18

Going-in cap

6.56%

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

56,330

Households

26,392

Median income

$62,500

Median age

40.3

Daytime population

67,336

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 62 Sand Bar RD, Goulais River.

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.