Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

20 Front Street, Saugeen Shores, ON N0H 2L0 (Albert St N & High St)
$ 10000000 - MLS : X13041094

From Our Gallery

Description

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.

Location Description

Albert St N & High St

Property Detail

Community: Saugeen Shores
Property Type: Vacant/Commercial
Garages: None
Annual Property Taxes : $ 14508

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Other

Listing Contracted With: STRIVE REALTY LTD.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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