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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$990,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Welcome to Resort Living on Angus Lake in Temagami. This 5.45 acre point has over 1050' of natural shoreline with clear, deep water and panoramic views. Breathtaking sunsets and remarkable fishing. The small beach is perfect for little ones and there is deep water off the dock for swimming and fishing. The beautiful 2015 custom built, year-round, 2+1 bedroom, 1.5 bathroom raised bungalow is nestled among the mature pines and overlooks Angus Lake. Gorgeous pine cathedral ceilings, custom cabinetry, open concept kitchen, diningroom, livingroom, and a walkout basement. There is lots of space to accommodate guests in the Guest Lodge with 8 spacious bedrooms, 1.5 bathrooms, a kitchen and an 800 square foot great room. Zoned Tourist Commercial this property can be a year round resort, short term rental property, family home, or multi-family recreational property. Renovate the 2 bunkies for more accommodations or add more cottages to the property. It is currently registered with Airbnb and has exceptional income potential. If your family is looking for a year round waterfront property, up north, with an income on the side, you will want to check out this Temagami Gem! Many upgrades to the Guest Lodge in the past 2 years including new propane fireplace , boiler heating system, hot water tank, renovated kitchen with new appliances, spray foam insulation in the crawlspace, new acrylic tug/shower, and a laundry closet. New Security System and Starlink Internet Service. This incredible property is 45 minutes north of North Bay and 15 minutes south of Temagami. 4.5 hours from the GTA. HST is in addition to the List Price. (id:39198)
Location
Province
Ontario
City
Temagami
Address
4574 Highway 11 N
Postal Code
P0H2H0
Location Highlights
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Listed by
Chestnut Park Real Estate Limited, Brokerage, Huntsville Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
2,210
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$990,000
Asking Price
$990,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,210
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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