6.7CAP - Profitable Small Resort Near Sturgeon Lake For Sale

Description

Boutique Cottage Resort Opportunity - Sturgeon Lake, OntarioA charming boutique cottage resort located near beautiful Sturgeon Lake, one of Ontario’s well-known fishing and vacation destinations, approximately 1.5 hours from Markham.Property Highlights:Approx. 0.37-acre corner property.Lakefront park and waterfront located directly across the street.Exclusive deeded access to a private waterfront park and lake access.Four rental cottages included:* Three two-bedroom cottages.* One studio cottage.Business Highlights:Long-established business with many loyal repeat guests.Stable and growing rental income.Valuable grandfathered status with no short-term rental licensing fee required, saving approximately $6,000 annually.Financial Highlights:Asking Price: $798,000.Approximate 6.7% cap rate.Annual rental income: over $70,000.Rare opportunity to own a vacation income property with strong cash flow and future upside.