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Asking Price
$1,150,000
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
Wow! Check out this beautiful waterfront, parcel of vacant land with 23 acres in the historic hamlet of Ahmic Harbor. Located approximately 45 minutes east of Parry Sound on highway 124. It’s about a 20 minute boat ride or 15 minutes via auto to the shops, restaurants and facilities of downtown Magnetawan. Hydro and telephone are located on the boundary of the lot.The parcel was recently severed and zoned for Shoreline Residential,the lot offers a private setting to build your dream cottage or home and dock. Nestled on Clayton Bay (on Neighick Lake formally Beaver Lake), the waterfront is 618 feet between the stakes and over 900 ft along the shoreline. Situated with a small deep water inlet around a point. (The waterfront calculation is based on public records and the survey completed in 2021.The landform of the parcel of land is sloping to the water & treed with mostly hardwood maple, to the west side of the lot is Ahmic Lake road. You’ll find a parking pad for one car. North side of the lot features a beautiful rocky and mossy outcrop of limestone with lots of dominant character running down to the lake. There you’ll come across a private inlet and deep water bay, wrapped around a Jutty of land to a point. Potentially an ideal space to build a boathouse and dock. Quiet, private and scenic natural waterfront with panoramic views of nature, birds and wildlife on Neighick Lake. Summers on the lake are spectacular, with calm waters for canoeing Kayaking & fishing. For those that like pleasure craft and water sports, the boating is second to none with over 70 km of lakes through the Magnetawan Locks system to Burks Falls. Ahmic Lake is about 19 km long and connects to Neighick and Crawford Lakes via marked navigation channels. The area appeals to many who come spend a day and fall in love exploring the scenic views, parks, beaches, waterways, historic locks, dams, waterfalls, recreational facilities, hiking trails, local cuisine fishing, hunting, boating, and more. (id:39198)
Location
Province
Ontario
City
Magnetawan
Address
. Ahmic Lake Road
Postal Code
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Location Highlights
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Listed by
ROYAL LEPAGE MEADOWTOWNE REALTY 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
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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
$1,150,000
Asking Price
$1,150,000
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)
0
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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