haho.ca
$1,350,000
For sale

121 South Rankin Street, Saugeen Shores - Business for Sale

121 South Rankin Street, Saugeen Shores, Ontario, N0H2L0

1,544 ft²Listed 558 days ago
Overview

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

Days on market
558d
Saugeen Shores listings, avg age
170d
Price / ft²
$874
List price
$1.35M

Long Listed: 558 days on market, against an average age of 170 days across the listings currently for sale in this city

Haho

This business in Saugeen Shores is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by Wilfred McIntee & Co Limited · DAN GRAHAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$1,350,000· $874/ft²
For sale

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Financing

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$1,350,000

Saugeen Shores

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