20 Front Street Saugeen Shores, Ontario N0H 2L0

$10,000,000

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. (id:59743)

Business

Business Type	Accommodation
Business Sub Type	Cottage/Cabin Rental

Property Details

MLS® Number	X13041094
Property Type	Business
Community Name	Saugeen Shores

Building

Cooling Type	Fully Air Conditioned
Heating Type	Other
Utility Water	Municipal Water

Land

Acreage	Yes
Size Depth	304 Ft ,8 In
Size Frontage	66 Ft
Size Irregular	19762.52
Size Total	19762.52 Ac
Size Total Text	19762.52 Ac
Zoning Description	C4

https://www.realtor.ca/real-estate/29653216/20-front-street-saugeen-shores-saugeen-shores