5564 Ontario 21 - Specialty FOR SALE
Southampton, ON N0H 2L0 |
5564 Ontario 21
Southampton, ON N0H 2L0
HIGHLIGHTS
- Majority seasonal tenancy allows for predictable cashflow and deposits from prebookings, strong revenue growth for the 2024 season.
- Kenorus is consistently near full occupancy (99% currently) with a waitlist on seasonal sites and the average seasonal rate of $3,577.
- Average seasonal rents of $3,577 are 20%+ below market with new tenants paying $4,500 seasonally.
- Opportunity to convert seasonal sites to transient sites which are achieving a ~70% revenue per site premium.
- Opportunity to expand the resort by approximately ~30 sites
- Conveniently located off highway 21 in Saugeen Shores, just minutes away from Port Elgin’s bustling downtown and white sand beaches.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Kenorus Campground & RV Park
PROPERTY TYPE
Specialty
ADD'L SUBTYPES
Parking Lot, Self Storage, Marina
TOTAL BUILDING SIZE
50000
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
25.16 AC AC
LAND SF
1,095,970 SF
ZONING
-
APN/PARCEL ID
41-10-440-002-02001-0000,41-10-440-002-02002-0000
