26 Salmon Side Road,Rideau Lakes, ON K7A 4S5
Rideau Lakes, ON K7A 4S5
Description
Acquire a fully occupied 47-pad freehold land-lease mobile home community generating stable in-place income at a 4.5% cap rate, with approximately 49.46 acres of land and identified expansion potential for an estimated 70-130 additional sites, subject to approvals and servicing. 26 Salmon Side Road presents a rare opportunity to acquire an established community combining immediate cash flow with substantial long-term growth potential. The property consists of 47 occupied land-lease sites, a manager's residence, and approximately 35 acres of excess land beyond the existing developed portion of the community. Preliminary review has identified approximately 21 acres of practical expansion area capable of supporting an estimated 70-130 additional sites, with approximately 70 sites representing the low-end practical scenario. Based on current operating performance and estimated expansion costs, investors may have a pathway toward a stabilized yield on cost in the range of approximately 7.5%-8.5%+ following future expansion. Opportunities to acquire stabilized mobile home communities with meaningful excess land are increasingly scarce throughout Ontario, making this a compelling opportunity for operators, investors, and affordable housing groups seeking both current income and future value creation. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
Details
| MLS # | X13070044 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 170 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X13070044 504300 |
Features
| SQ Feet | 2,134,440 |
|---|---|
| Acreage | 49.00 |
Interior
| Cooling | No |
|---|
Utilities
| Utilities | None |
|---|
Taxes
| Tax Annual Amount | 29830 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Leeds and Grenville |
| City | Rideau Lakes |
| Postal Code | K7A 4S5 |
| Area | 820 Rideau Lakes (South Elmsley) Twp |
| Listing VS Median (in K7A 4S5) | |
Price: $3,150,000 low | high Med: $3,150,000 sqft: 2,134,440 low | high Med: 2,134,440 $ / sqft: $1 low | high Med: $1 On site: 170 low | high Med: 170 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Leeds and Grenville |
| City | Rideau Lakes |
| Postal Code | K7A 4S5 |
| Area | 820 Rideau Lakes (South Elmsley) Twp |
| Listing VS Median (in K7A 4S5) | |
Price: $3,150,000 low | high Med: $3,150,000 sqft: 2,134,440 low | high Med: 2,134,440 $ / sqft: $1 low | high Med: $1 On site: 170 low | high Med: 170 | |