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5261 Hwy 17, Markstay-Warren
2024-05-27
Quick Summary
- Location
- 5261 Hwy 17, Markstay-Warren, Ontario P0M1X0
- Price
- $1,100,000
- Status:
- For Sale
- Property Type:
- Other
MLS®#2116889
Property Description
Seize this unparalleled investment opportunity with a remarkable CAP rate of 8.7%! Own not just one, but two thriving mobile home parks, offering both stability and potential for expansion. The first property, located at 1035 Hwy 17 E in Wahnapitae, spans 8.3 acres and is just a short 15-minute drive from major retail stores. This commercial-zoned land features nine rented mobile home lots, each fully serviced with hydro, municipal water, and septic systems. A small onsite office building and a laydown area, currently used by a property maintenance company, add further value. With municipal weekly garbage collection and a well-maintained environment, this property promises steady rental income and additional commercial possibilities along its Hwy 17 E frontage. The second property, at 5261 Hwy 17 in Markstay-Warren, is a vast 94.9-acre estate fronting Hwy 17 E and backing onto the serene Veuve River. This park includes nine mobile home lots, with six occupied by landlord-owned units, two by long-term renters, and one vacant lot ready for a new unit with all utilities prepped for hookup. The site features a large barn, corral, and a three-bedroom owner-occupied house. With preliminary survey work suggesting further expansion potential, this park offers abundant green space and tranquility. Both parks are expertly maintained by an onsite property maintenance company, ensuring the roadways and lawns are always in pristine condition. This is your chance to secure a unique package deal that combines immediate rental income with significant growth potential. Don't let this exceptional opportunity slip away! (id:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Utility Water: Municipal water
Land
- Land Size: 50 - 100 acres
- Sewer: Septic System
Ownership
- Type: Freehold
Storage Type
- Storage Type: Unknown
Zoning
- Description: Rural
Information entered by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing information last updated on: 2024-07-19 01:45:47
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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