LOADING

5261 Hwy 17 Markstay-Warren, Ontario P0M 1X0

None Acreage

$1,650,000

GREAT INVESTMENT OPPORTUNITY!!! CAP RATE of 8.8% This is your opportunity to own, not one, but two mobile home parks. The first mobile home park is at 1035 Hwy 17 E in Wahnapitae (commercial zoning), 8.3 Acres is just 15 minutes away from the box stores. The property fronting onto Hwy 17 E, features 9 mobile home lots (pads) that are rented by long time unit owners and fully serviced with hydro, municipal water, septic systems, municipal weekly garbage collection. A small onsite office building, along with a laydown area is currently occupied by a property maintenance company that maintains the roadways and lawns of both properties. The commercial frontage along with the large area of land has further commercial opportunities (to be varied independently) while collecting rental revenue from the mobile homes. The second mobile home park is at 5261 Hwy 17 in Markstay-Warren, 25 min away from the box stores. The property is 94.9 acres, fronting onto Hwy 17 E, and backing onto the Veuve River. It features a huge barn, corral, owner occupied 3 bedroom house, 9 mobile lots (pads), 6 of the 9 lots occupied by landlord owned mobile homes, 2 lots (pads) are occupied by long time unit owners and 1 lot (pad) is vacant and ready to receive a new unit with, water, hydro and sewage ready for hook up. Can be further expanded as preliminary survey work will attest to. Surrounded by green space. Both properties are maintained by an onsite property maintenance company that is responsible for roadways and lawn care. Don’t miss out on this unique PACKAGE DEAL opportunity! (id:37337)

Property Details

MLS® Number 2104172
Property Type Other
Equipment Type Unknown
Rental Equipment Type Unknown
Road Type Gravel Road
Storage Type Unknown

Building

Cooling Type None
Fire Protection None
Utility Water Municipal Water

Parking

Gravel
Parking Space(s)
Visitor Parking

Land

Access Type Highway Access, Highway Nearby
Acreage Yes
Sewer Septic System
Size Total Text 50 - 100 Acres
Zoning Description Rural

https://www.realtor.ca/real-estate/24485775/5261-hwy-17-markstay-warren

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