20 Front Street, Saugeen Shores - Business for Sale
20 Front Street, Saugeen Shores, Ontario, N0H2L0
This business in Saugeen Shores is for sale. It has been on the market 9 days, fresher than the Saugeen Shores average of 170 days.
Description
Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there. Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines. A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available, estimated 1.8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates. View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence. (id:66096)
Property Details
- MLS®
- X14117794
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- C4
- Lot Size
- 19,763 sq ft (0.45 ac)
- Frontage
- 66 ft
- Heating
- Other
- Cooling
- Fully air conditioned
- Property Tax
- $14,508/yr
- Listed
- 9 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 9 days on market, against an average age of 170 days across the listings currently for sale in this city
This business in Saugeen Shores has been listed for 9 days, which is 161 days fresher than the city average of 170. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0H)
This home lists at $6,999,999, about 81.4× the local median household income of $86,000.
Carrying it typically needs a household income of about $1,367,345 (20% down, 25-yr amortization, stress-tested) — roughly 1490% 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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$6,999,999
Saugeen Shores