402 29 Highway, Rideau Lakes - Business for Sale
402 29 Highway, Rideau Lakes, Ontario, K7A4S5
Description
Looking for a stable investment, here you have a mobile home park with 19 privately owned mobiles, (leasing their lots), a 3-bedroom bungalow (owners' home), a 1-bedroom bungalow (owners rental now tenanted) plus a garage with a side office (owners). All packaged for sale together business, land and owned buildings. Seller looking to move once sold, leaving their home available for added revenue. Seller interested in continuing to rent his home and assist a new owner during the transition. Willing to move out also but asking for 3-4 months to do so. A rare opportunity for a live in investment or simply a hands-free opportunity. Known as Twin Oak Mobile Home Park, there are park owned septic fields and a park managed water supply. Solid land lease income with additional investment value and income potential for the owner owned buildings too. Interested parties must sign a Nondisclosure form to receive financial breakdowns. 48-hour notice preferred for property viewings. You don't see this special type of property come along often. Worth considering! (id:66096)
Property Details
- MLS®
- X12955924
- Property Type
- Business
- Zoning
- Mobile Home Park
- Parking
- 30
- Lot Size
- 410 × 346 ft (3.25 acres)
- Frontage
- 410 ft
- Heating
- Other
- Cooling
- None
- Property Tax
- $9,344/yr
- Listed
- 215 days ago
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 215 days on market, against an average age of 129 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Rideau Lakes is available now. Want me to connect you with the agent or keep you posted on any price updates?
Neighbourhood profile (K7A)
This home lists at $999,900, about 13.4× the local median household income of $74,500.
Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.
- Median household income
- $74,500
- Population
- 17,575
- Median age
- 46.8
- Owner / renter
- 72% / 28%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K7A)
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$999,900
Rideau Lakes