Port Franks Getaway


Port Franks (Lambton Shores), ON   Offered for sale at 1,349,700 CAD
 

TURNKEY
PORT FRANKS VALUE ALERT - TOTAL RENOVATION/REBUILD PROVIDING AN INCREDIBLE FAMILY COMPOUND: With 8 bedrooms, 7 bathrooms, & 6 kitchens across 7 total units, this one-of-a-kind property is the definitive opportunity of 2021 to live for free near the beach w/ incredible B&B income! It's like getting 4 or 5 houses for the price of 1 just steps to the river & beach in a secluded & serene location featuring premium landscaping, ample parking for extended family or guests, max privacy bordered by mature woods, & rental income that is literally second to none within this price range. This cash cow, as it stands today, earns well in excess of six figures each season, rental income that is achieved w/ a large unfinished space (more bedrooms for primary unit) & the 'spa' unit being under renovations. Case in point, you'll be achieving this level of income, as-is, w/ the FULL financial potential of this property yet to be realized! In addition to covering your mortgage & expenses, you'll also be making a decent living. Windows, doors, 2 new furnaces, steel roofing, flooring, walls, sauna & hot tub, ceilings, LED lighting, bathrooms, kitchens, 7 fireplaces, quartz counters-this multi unit residential complex has undergone the upgrades of 5 houses combined in the last 2 yrs w/ electrical & plumbing permits completed. The 2 buildings even have their own hydro, gas, & water services-a legit 2fer & ideal for working at home! This property, w/ its endless spaces & incredible income is unlike any other property I have ever had the pleasure of listing for sale! I'm almost ready to quit my job & buy it. Step into a situation where you & your family can live the simpler life at the lake, away from the craziness & just a 2km bike ride to a top 10 beach in Port Franks. With nonstop 5 star reviews on all of the major platforms & frequent celebrity guests, the arduous journey of building priceless brand equity is done! You simply get to continue the legacy. Time to start a new life!
Zoning: C12
Sauna, Hot Tub, Fitness Studio, Gardens
PortFranksGetaway.com



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1968
  • Last Renovated in 2021
  • Opened in 2018
  • Building is 6,000 SQFT
  • Lot is 0.5 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at 1,349,700 CAD
  • Occupancy Rate: 47
  • Average Daily Rate: $200 per suite
  • Annual revenue is 116,600 CAD
  • Terms: 2019 395 nights Income: $56,000.00 2020 685 nights Avg/Night $148.37 Income: $116,685.00 Estimation for 2021 with 5 units (starting May 24) renting, 835 nights Avg/Night $200 Estimated: $167,000.0
Contact Information



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