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$2,749,000
Magnetawan
184 Chapman Drive, Magnetawan, Ontario, P0A1C0
This multi-family property in Magnetawan is for sale offering roughly 2,250 sq ft of space. It has been on the market 71 days, fresher than the Magnetawan average of 92 days.
8 Awesome Cabins + 1 Gorgeous Main House! Come Live On The Beautiful Shores Of Lake Cecebe. This Business Runs @ 90% Occupancy During The Peak Months. Clients Come Back Year After Year. Revenue Approximately $300,000(Yr), With Opportunity To Expand. Current Owners Have Created An Incredible Marketing Platform & Easy To Manage Booking System That Makes This Turnkey For The Novice Investor (Seller's Willing Ton Consult, If Wanted) Cabins All Have Own Kitchen/Bath/Lakeview (2 X 3 Bd/1 Bath, 4 X 2 Bd/1 Bath, 1 X 1bd / 1 Bath, 1 X Bachelor) Main House Is Beautifully Renovated - Keep As Your Own Or Use It To Provide Rental Income. This Resort Has Over 200 Ft Of Sandy Waterfront On The Picturesque Shores Of Lake Cecebe. Endless Activities To Be Enjoyed With The Canoes, Kayaks, Paddle Boards And Pontoon Boats. There Is A Games Room Where Young And Old Can Enjoy Playing Table Tennis, Pool, Video Games And Much More. With A 2.2 Acre Lot Behind The Resort To Be Used For Storage, Parking Or Further Development To Provide Endless Possibilities. This Is A One-Of-A-Kind Turnkey Investment Opportunity. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 71 days on market, against an average age of 92 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 20-bed multi-family in Magnetawan has been listed for 71 days, which is 21 days fresher than the city average of 92. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,749,000, about 40.4× the local median household income of $68,000.
Carrying it typically needs a household income of about $536,976 (20% down, 25-yr amortization, stress-tested) — roughly 690% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
