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$ 3,150,000
Est. payment /mo
Active
26 Salmon Side Road Rideau Lakes, ON K7A 4S5
49 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 49 sqft
Price per Sqft $64,285
Subdivision 820 - Rideau Lakes (South Elmsley) Twp
MLS Listing ID X13070044
Annual Tax Amount $29,830
Tax Year 2026
Property Sub-Type Investment
Property Description
Acquire a fully occupied 47-pad freehold land-lease mobile home community generating stable in-place income at a 4.5% cap rate, with approximately 49.46 acres of land and identified expansion potential for an estimated 70-130 additional sites, subject to approvals and servicing. 26 Salmon Side Road presents a rare opportunity to acquire an established community combining immediate cash flow with substantial long-term growth potential. The property consists of 47 occupied land-lease sites, a manager's residence, and approximately 35 acres of excess land beyond the existing developed portion of the community. Preliminary review has identified approximately 21 acres of practical expansion area capable of supporting an estimated 70-130 additional sites, with approximately 70 sites representing the low-end practical scenario. Based on current operating performance and estimated expansion costs, investors may have a pathway toward a stabilized yield on cost in the range of approximately 7.5%-8.5%+ following future expansion. Opportunities to acquire stabilized mobile home communities with meaningful excess land are increasingly scarce throughout Ontario, making this a compelling opportunity for operators, investors, and affordable housing groups seeking both current income and future value creation. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
Location
Province ON
County Leeds And Grenville
Area Leeds And Grenville
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 1016.0
Lot Depth 1768.0
Others
ParcelsYN No
Virtual Tour https://earth.google.com/earth/d/1myXeAZQWu3zyKqkvs9tEAgWDAUFeZ8N3?usp=drive_link
Listed by RE/MAX HALLMARK REALTY GROUP