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$2,950,000
Shuniah
1594 Lakeshore Drive North, Shuniah, Ontario, P7A0S9
This retail property in Shuniah is for sale offering roughly 5,500 sq ft of space.
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)
Features and services as supplied by the listing brokerage.
Long Listed: 121 days on market, against an average age of 101 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 retail in Shuniah is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA P7A)
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