1594 Lakeshore Drive North, Shuniah - Business for Sale
1594 Lakeshore Drive North, Shuniah, Ontario, P7A0S9
This business in Shuniah is for sale offering roughly 5,500 sq ft of space.
Description
NEW PRICE for property with exceptional Income returns. Mobile Home Park Near Lake Superior on approximately 20 acres, located just 10 minutes east of Thunder Bay along Lakeshore Drive. The 58 unit property includes 49 mobile sites and 9 residential units, delivering strong and diversified cash flow. Family-owned since 1997, the park has undergone updates, service improvements and renovations over several years, resulting in a notable increase in gross rental income, currently estimated at $410,000 annually. Ideally situated near Lake Superior, Amethyst Harbour, and Wild Goose Beach, the setting offers long-term tenant appeal. Dual zoning (Mobile Home Residential & Highway Commercial) provides added flexibility and future development potential. Turnkey asset with stable income and upside. (id:66096)
Property Details
- MLS®
- X13531234
- Property Type
- Business
- Zoning
- NHR/CH Mobile Home Res/Hwy Commercial
- Interior Size
- 5,500 ft²
- Lot Size
- 1300 × 865 ft (25.81 acres)
- Frontage
- 1,300 ft
- Heating
- Other
- Cooling
- None
- Property Tax
- $20,993/yr
- Listed
- 120 days ago
Services
- Water
- Drilled Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 120 days on market, against an average age of 97 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 99.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Shuniah 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 (P7A)
This home lists at $2,950,000, about 37.6× the local median household income of $78,500.
Carrying it typically needs a household income of about $576,238 (20% down, 25-yr amortization, stress-tested) — roughly 634% above the area median.
- Median household income
- $78,500
- Population
- 28,587
- Median age
- 47.2
- Owner / renter
- 69% / 31%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA P7A)
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$2,950,000
Shuniah