121 South Rankin Street, Saugeen Shores - Business for Sale
121 South Rankin Street, Saugeen Shores, Ontario, N0H2L0
This business in Saugeen Shores is for sale offering roughly 1,544 sq ft of space.
Description
Opportunity is knocking! This is your chance to own a unique investment property that is generating income and brimming with potnential. Located in the sought after lake side community of Southampton along the renowned Saugeen River near the shores of Lake Huron. Known as Riverview Tourist Camp and owned by the same family for over 50 years, this is a once in a lifetime opportunity. Situated on a 1.23 acre riverfront lot with expansive river frontage and amazing river views this property is something special. The camp is currently comprised of 20 seasonal trailer sites with electricity and municipal water & sewer (with the possibility of 2 more sites), a shower/bath building, two cozy cottages rented year-round, and a main 4 season house with 2 bedrooms/1.5 bathrooms. The home would be perfect to use as your own private getaway or as an additional rental accommodation to drive more revenue. The current zoning is commercial recreational and environmental protection giving way to a number of potential uses subject to the proper consultation and approvals with the municipality and conservation authority. The Saugeen River is recognized far and wide for its world class fishing. Enjoy easy boating access to Lake Huron. This is an extraordinary opportunity to own a special little piece of Southampton. All measurements and boundaries are approximate and for reference purposes only. (id:66096)
Property Details
- MLS®
- X12104873
- Property Type
- Business
- Zoning
- CR & EP
- Interior Size
- 1,544 ft²
- Lot Size
- 1.23 acres
- Frontage
- 350 ft
- Heating
- Other
- Cooling
- None
- Property Tax
- $5,164/yr
- Listed
- 558 days ago
Features
- Lot Features
- Irregular lot size, Conservation/green belt
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 558 days on market, against an average age of 170 days across the listings currently for sale in this city
This business in Saugeen Shores is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0H)
This home lists at $1,350,000, about 15.7× the local median household income of $86,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 207% above the area median.
- Median household income
- $86,000
- Population
- 53,674
- Median age
- 52.8
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N0H)
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$1,350,000
Saugeen Shores