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$699,000
Chapleau
Chapleau, Ontario, P0M1K0
Discover a rare investment opportunity with this expansive ~78-acre property featuring an established mobile home park. Currently configured with 32 sites, 26 of which are leased, the property offers immediate, stable income with room for growth. This well-located parcel presents significant upside potential, including the opportunity to increase occupancy or explore future development possibilities, subject to town bylaws and approvals. With its substantial land base and existing infrastructure, the property is well-suited for investors, developers, or entrepreneurs seeking a versatile asset with multiple revenue streams. Whether you’re looking to expand a rental portfolio, pursue redevelopment, or capitalize on evolving land use opportunities, this property combines current cash flow with long-term potential. A unique chance to secure a large-scale property with both established operations and future possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 182 days on market, against an average age of 121 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $699,000, about 8.1× the local median household income of $86,000.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0M)
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