398235 28th Avenue East, Meaford - Business for Sale
398235 28th Avenue East, Meaford, Ontario, N4K5N8
This business in Meaford is for sale. It has been on the market 81 days, fresher than the Meaford average of 97 days.
Description
An established KOA campground, substantial agricultural land, and multiple revenue streams-all on approximately 173 acres just minutes from Owen Sound. This is a rare opportunity to acquire an established hospitality business together with a significant underlying real estate asset and meaningful potential for future growth. Currently operating as Owen Sound KOA Journey, the property offers approximately 136 rentable accommodations, including 96 RV sites, 30 tent sites, 9 camping cabins and a unique glamping dome, creating a diversified accommodation mix. The property's original namesake comes from an incredibly valuable natural spring flowing from the Niagara Escarpment, contributing to the campgrounds private water supply and adding a truly unique natural asset to the operation. The established KOA affiliation provides a recognized hospitality brand, operating platform and access to a large camping-oriented customer base. Ideally positioned near Owen Sound, Highway 26, Georgian Bay, Lake Huron, the Bruce Peninsula and Niagara Escarpment, and just 4 minutes to the Owen Sound hospital, the property is well placed to benefit from the region's tourism market. Beyond just being a campground, the parcel is approximately 173.48 acres include roughly 100 acres of workable agricultural land, 25 acres of natural/protected lands and approximately 48.48 acres encompassing the campground, residence and supporting infrastructure. A substantial three-unit stone residence offers 7 bedrooms and 5 full bathrooms, providing flexibility for owner accommodation, staff housing or rental use. With approximately 611 feet of frontage and a combination of established hospitality infrastructure, agricultural land, natural areas and residential improvements, this property offers a unique blend of current income and long-term real estate potential. A rare opportunity to acquire an established tourism business and substantial land asset with scale, diversity and significant future potential. (id:66096)
Property Details
- MLS®
- X13680016
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- NEC
- Lot Size
- 611 × 3882 ft (54.48 acres)
- Frontage
- 611 ft
- Heating
- Baseboard heaters
- Cooling
- Partially air conditioned
- Property Tax
- $15,237/yr
- Listed
- 81 days ago
Features
- Appliances
- All
- Lot Features
- Irregular lot size
Services
- Water
- Lake/River Water Intake
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 81 days on market, against an average age of 97 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 65 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Meaford has been listed for 81 days, which is 16 days fresher than the city average of 97. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N4K)
This home lists at $5,250,000, about 75.5× the local median household income of $69,500.
Carrying it typically needs a household income of about $1,025,509 (20% down, 25-yr amortization, stress-tested) — roughly 1376% above the area median.
- Median household income
- $69,500
- Population
- 28,975
- Median age
- 49.2
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N4K)
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$5,250,000
Meaford