For Sale: 26 Salmon Side Road, Rideau Lakes, ON - REW
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$3,150,000
0 bd • ba • 49 sf • Land/Lot
26 Salmon Side Road
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$3,150,000
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26 Salmon Side RoadRideau Lakes, ON, K7A 4S5

  • 0 Bed
  • Bath
  • 49 Sqft
  • Land/Lot

About this home

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. (id:63626)
Listed by: Danny Morissette, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$3,150,000
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Gross Taxes for 2025
$29,830
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
1013 ft x 0 ft (49.4 acres)
Depth
Frontage
1013.0 feet
Agent details
Primary Agent
Danny Morissette
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
83 Days
MLS® Number
X13070042
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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Property Insights

St. Luke Catholic School
  • Catholic
  • 7 - 12
St James the Greater School
  • Catholic
  • JK - 3
St Francis de Sales School
  • Catholic
  • 4 - 8
Lombardy Public School
  • Public
  • JK - 8
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Call Agent
Salesperson
Danny Morissette
Phone:
(613) 334-6497
Office:
613-563-1155
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.