551 Little Rideau Lake Rd - Specialty FOR SALE


Portland, ON K0G 1V0
$2,499,999 CAD
833-402-3527
551 Little Rideau Lake Rd, Portland, ON for Sale
$2,499,999 CAD
Specialty - FOR SALE
1/37
null | 7.04% Cap Rate

551 Little Rideau Lake Rd
Portland, ON K0G 1V0


HIGHLIGHTS

  • Prime Portland lakefront location
  • Fully-built out guest rentals

OVERVIEW

The West Waterfront - a 14 bedrooms and 7 bathroom estate over 6 separate accommodation units plus a 1,000 sq ft *newly renovated* accessory structure for hosting events or servicing offerings. The estate is a perfect secluded setting for a hospitality establishment, wellness operation or private facility while being waterfront on the UNESCO world heritage, Upper Rideau Lake. The estate is a very private setting at a dead end street with no immediate neighbours and on a quiet waterfront Bay - allowing a variety of uses to call "The West" home. The estate also comes with secured grandfathering rights to build an additional 6 bedrooms and 3 bathrooms over three additional and separate accommodation units, with planning rights secured on title. This is a built-in value of $150k PLUS saves future owners 1.5 years of approval timeline. VENDER TAKE BACK financing possible. Willing to negotiate terms. Full operational transition kit with local trustworthy contacts. Flexible zoning with a residential waterfront designation yet secured grandfathering rights for tourist commercial. The sale can be inclusive of The West Waterfront branding and client list. The property is extraordinarily flexible!

FOR SALE DETAILS

PRICE

$2,499,999 CAD

PRICE/SF

$556 CAD /SF

CAP RATE

7.04%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The West Waterfront - VENDER TAKEBACK

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

Waterfront Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Emily DaviesThe West WaterfrontMore Info
833-402-3527

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Emily DaviesThe West WaterfrontMore Info
833-402-3527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.