$10,000,000
Available - For Sale
Listing ID: X13041094
20 Front Street , Saugeen Shores, N0H 2L0, Bruce
| Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there. Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines. A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available on request estimates $500+ nightly stays in high season and 1.8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates. View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence. |
| Price | $10,000,000 |
| Taxes: | $14508.00 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 20 Front Street , Saugeen Shores, N0H 2L0, Bruce |
| Postal Code: | N0H 2L0 |
| Province/State: | Bruce |
| Legal Description: | LT 5 PL 32; SAUGEEN SHORES |
| Directions/Cross Streets: | Albert St N & High St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Cabins/Cottages |
| Building Percentage: | T |
| Total Area: | 0.45 |
| Total Area Code: | Acres |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| STRIVE REALTY LTD. |
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Po Paul Chen
Broker
Dir:
647-283-2020
Bus:
905-475-4750
Fax:
905-475-4770
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At a Glance:
| Type: | Com - Investment |
| Area: | Bruce |
| Municipality: | Saugeen Shores |
| Neighbourhood: | Saugeen Shores |
| Tax: | $14,508 |
| Fireplace: | N |
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