20 Front Street, Saugeen Shores, ON N0H 2L0

Saugeen Shores N0H 2L0 Ontario

MLS: X13041094

$7,900,000

Added 1 hour ago | For Sale

Listed by: STRIVE REALTY LTD.

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 66.05 X 304.72
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Albert St N & High St
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $14508
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Other
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X13041094

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