$ 1,100,000
1035 Hwy 17 E Wahnapitae, ON P0M3C0
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$ 1,100,000
Est. payment | /mo
$ 1,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2116890
Originating Board Sudbury Real Estate Board
Property Description
Seize this unparalleled investment opportunity with a remarkable CAP rate of 8.7%! Own not just one, but two thriving mobile home parks, offering both stability and potential for expansion. The first property, located at 1035 Hwy 17 E in Wahnapitae, spans 8.3 acres and is just a short 15-minute drive from major retail stores. This commercial-zoned land features nine rented mobile home lots, each fully serviced with hydro, municipal water, and septic systems. A small onsite office building and a laydown area, currently used by a property maintenance company, add further value. With municipal weekly garbage collection and a well-maintained environment, this property promises steady rental income and additional commercial possibilities along its Hwy 17 E frontage. The second property, at 5261 Hwy 17 in Markstay-Warren, is a vast 94.9-acre estate fronting Hwy 17 E and backing onto the serene Veuve River. This park includes nine mobile home lots, with six occupied by landlord-owned units, two by long-term renters, and one vacant lot ready for a new unit with all utilities prepped for hookup. The site features a large barn, corral, and a three-bedroom owner-occupied house. With preliminary survey work suggesting further expansion potential, this park offers abundant green space and tranquility. Both parks are expertly maintained by an onsite property maintenance company, ensuring the roadways and lawns are always in pristine condition. This is your chance to secure a unique package deal that combines immediate rental income with significant growth potential. Don't let this exceptional opportunity slip away! (id:24570)
Location
Province ON
Interior
Cooling None
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE