26 Salmon Side Road, Rideau Lakes, ON K7A 4S5
Rideau Lakes
Acquire a fully occupied 47-pad freehold land-lease mobile home community generating stable in-place income at a 4.5% cap rate, with approximately 49.46 acres of land and identified expansion potential for an estimated 70-130 additional sites, subject to approvals and servicing. 26 Salmon Side Road presents a rare opportunity to acquire an established community combining immediate cash flow with substantial long-term growth potential. The property consists of 47 occupied land-lease sites, a manager's residence, and approximately 35 acres of excess land beyond the existing developed portion of the community. Preliminary review has identified approximately 21 acres of practical expansion area capable of supporting an estimated 70-130 additional sites, with approximately 70 sites representing the low-end practical scenario. Based on current operating performance and estimated expansion costs, investors may have a pathway toward a stabilized yield on cost in the range of approximately 7.5%-8.5%+ following future expansion. Opportunities to acquire stabilized mobile home communities with meaningful excess land are increasingly scarce throughout Ontario, making this a compelling opportunity for operators, investors, and affordable housing groups seeking both current income and future value creation. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 26 Salmon Side Road, Rideau Lakes, ON K7A 4S5
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MLS# X13070044
Listed by RE/MAX HALLMARK REALTY GROUP
On market since May 1, 2026
26 Salmon Side Road, Rideau Lakes, ON K7A 4S5 is listed for $3,150,000 CAD.
26 Salmon Side Road, Rideau Lakes, ON K7A 4S5 is a Investment, 49 sq ft.
26 Salmon Side Road, Rideau Lakes, ON K7A 4S5 is in Rideau Lakes, Ontario.
26 Salmon Side Road, Rideau Lakes, ON K7A 4S5 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 26 Salmon Side Road, Rideau Lakes, ON K7A 4S5 (MLS# X13070044). You can also send a message through the contact form on this site.
