6.7CAP - Profitable Small Resort Near Sturgeon Lake For Sale

Description

Business type: boutique cottage resort and vacation rental property

Location: Sturgeon Lake area, Ontario

Property type: income-producing cottage resort

Operating model: short-term vacation rentals

Asking price: $798,000

Property

Site area: approximately 0.37 acres

Site type: corner property

Lakefront park: directly across the street

Waterfront: directly across the street

Private waterfront park access: deeded

Lake access: deeded

Rental units

Total cottages: 4

Two-bedroom cottages: 3

Studio cottages: 1

Financial information

Annual rental income: more than $70,000

Capitalization rate: approximately 6.7%

Rental income: stated as stable and growing

Short-term rental licensing fee: not required under stated grandfathered status

Estimated annual licensing fee savings: approximately $6,000

Customers

Guest base: established

Repeat guests: established

Operating history: long-established

Location and market

Sturgeon Lake: nearby

Market focus: fishing and vacation tourism

Travel time from Markham: approximately 1.5 hours

Expansion options

• Increase rental occupancy
• Increase seasonal pricing optimization
• Expand direct booking activity
• Increase repeat guest marketing