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26 SALMON SIDE ROAD
820 - Rideau Lakes (South Elmsley) Twp Rideau Lakes K7A 4S5

$3,150,000
Vacant Land 49 sq. ft.

Main Photo: 26 SALMON SIDE ROAD, Vacant Land, for sale, Rideau Lakes, X13070042
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Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
X13070042
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. (id:2493)
Property Type:
Vacant Land
Total Living Area:
49 sq. ft.
Zoning:
RMH & RU5
Taxes:
$29,830 / 2025
Community:
820 - Rideau Lakes (South Elmsley) Twp
Major Business Type:
Residential
Fireplace:
No
Sewer:
Septic System
Lot Frontage:
1013'
Lot Size:
49.4 acre(s)
Lot Details:
49.4
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated August 7, 2026 at 06:45 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$3,150,000
Min list price:
$119,900
Max list price:
$3,150,000
Avg days on market:
98
Min days on market:
21
Max days on market:
284
Avg price per sq.ft.:
$165,476.19
These statistics are generated based on the current listing's property type and located in 820 - Rideau Lakes (South Elmsley) Twp. Average values are derived using median calculations. This data is not produced by the MLS® system.
CHARLES KHOURI
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.