The West Waterfront
Portland, ON
Offered for sale at 2,400,000 CAD
Private 2.38 acre estate with 400 feet of wrap-around waterfront on quiet Stedman’s Bay in Portland, Ontario. The estate was established in the 1960’s as a fishing and wellness resort and operated for 50 years as such. The estate has 14 bedrooms and 7 bathrooms over 5 separate accommodation units plus a 1,000 sq ft accessory structure. The estate is a perfect secluded setting for large families or businesses while being waterfront on the UNESCO world heritage, Upper Rideau Lake.
Zoned: Waterfront Residential
Total Square Footage: 4,350
Total Lot Area: 2.38 acres
Flexible Options: Use as residential or operate as a tourist commercial lodging establishment, inclusive of short term rentals or treatment facility or wellness opration.
Modern Upgrades: Fully rennovated Main House with interior modern finishes.
Move-in Ready: Fully furnished Lake Houses included. Main House furnishing available for purchase.
he West can accommodate up to 34 guests over 8 queen bedrooms and 6 double occupancy single bed bedrooms. Spread over 6 separate units, The West can morph to cater many business possibilities from: retreats, to addiction facilities, to tourist establishments.
Main House: 4 bed & 2 bath, 2,000sq ft
Lake House #1: 2 bed & 1 bath, 450 sq ft
Lake House #2: 2 bed & 1 bath, 450 sq ft
Lake House #3: 2 bed & 1 bath, 450 sq ft
Lake House #4: 2 bed & 1 bath, 550 sq ft
Lake House #5: 2 bed & 1 bath, 450 sq ft
Main House: Can accommodate 12 guests.
The Main House has four bedrooms and two bathrooms. Bedroom one has a queen bed and a private 6 piece suite. Bedroom two has a queen bed and single bunk bed. Bedroom three has a queen bed. And Bedroom four has a set of two bunk beds. A family 3-piece bathroom is shared amongst the three bedrooms.
The Main House has an expansive chef’s kitchen and a large Great Room, acting as the central gathering space for The West guests. Dining area can seat up to 24 people within Main House
ake House 1, 2, 3 and 5 can each accommodate 4 guests over 2 bedrooms. The units are each immediately facing the waters edge, with a private living room, a kitchenette (fridge, sink and stove top), a 3 piece bathroom and an outdoor private balcony . One bedroom has a queen bed and one bedroom has two single beds.
Lake House 4 can accommodate up to 6 guests over two bedrooms and 550 sq ft. Setback from the water with two bedrooms and one 3 piece bathroom. One bedroom with a queen bed and one bedroom with two single bunk beds. There is also a living room with a double pullout day bed and kitchenette (fridge, sink and stove top). An outdoor private balcony complete the space.
Rental Revenue, June to September 2025:
The West Waterfront operated for its first full rental season, after completing renovations. From June to September 2025 The West realized $75,000CAN of rental income. Representing a CAP rate of 3%.
Projected Revenue, May to October, 2026:
Based on bookings, enquiries and past patters, the projected rental revenue for May to October 2026 is anticipated to be approximately $200,000. Representing a CAP rate of approximately 8%.
Property Details- 14 Guest Rooms
- 7 Guest Room Baths
- Has Owner's Quarters
- Built in 1950
- Last Renovated in 2022
- Opened in 1950
- Building is 4,300 SQFT
- Lot is 2.4 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at 2,400,000 CAD
- Occupancy Rate: 60%
- Average Daily Rate: 2500
- Annual revenue is 200,000 CAD
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