The Jennifer Jones Team, LPT Realty, Brokerage
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Saugeen Shores, ON

20 FRONT STREET

$6,999,999

Listed by
Strive Realty Ltd.
John Haze, Salesperson

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business at 20 FRONT STREET, Saugeen Shores, ON
20 FRONT STREET, Saugeen Shores, ON, photo 220 FRONT STREET, Saugeen Shores, ON, photo 3

Property facts

Price
$6,999,999
Type
business
Bedrooms
0
Bathrooms
0
MLS®
X13605490
Status
active
Brokerage
Strive Realty Ltd.

About this home

Description provided by the listing brokerage

Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there. Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines. A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available, estimated 1.8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates. View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence.

Location

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Home value