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3318 Highway 3 in Lydgate: 407-Shelburne County Commercial (South Shore) : MLS®# 201801411

3318 Highway 3 Lydgate B0T 1L0 : 407-Shelburne County

Main Photo: 3318 Highway 3 in Lydgate: 407-Shelburne County Commercial  (South Shore)  : MLS®# 201801411
$550,000
Prop. Type:
Commercial
MLS® Num:
201801411
Status:
Active
Bus Major:
Campground
Welcome to Lockeport Cottages and Campground. This fantastic lakeside business is conveniently located 3 mins from the famous and stunning Crescent Beach with Sand and Ocean as far as the eye can see. It boasts a 6 Yearly Leased Seniors Complex -Quiet 2 bedroom/One level living waterfront Cottages recently painted, renovated and equipped with heat pumps (Full Rented with waiting list). The Campground has 40 RV and Camp sites, Three newly painted 1-bedroom waterfront cottages. The ground amenities include a brand new Heated pool, Recently built Music & Entertainment Barn which could also double as a canteen or Games Hall, a small playground and playhouse for the kids, canoe and paddle boats for the lake, Washroom, Showers and Laundry Facilities. Lots of space to Expand this business throughout. This property has not seen its true income potential. A piece of land with a 1 bedroom home across from the property is also available for those wanting to live close by. Contact us today for mor
Highway 103, Left on Highway 3 east, property on the right.
Listing Sub-Area:
407-Shelburne County
Property Type:
Commercial
Commercial Type:
Other
Major Bus Type:
Campground, Recreational, Residential Units
Title To Land:
Freehold
Year built:
2002 (Age: 16)
Age:
16
Main Living Area:
Switch units of measure0 sq. ft.
Total Living Area:
Switch units of measure0 sq. ft.
Prop Size:
3 to 9.99 Acres
Lot Details:
7.5 Acres
Zoning:
No Zoning
Construction:
Wood Frame
Driveway:
Dirt, Gravel, Parking Spaces(s), Visitor Parking
Floor Finish:
Wood
Roof:
Asphalt Shingle
Heating:
Heat Pump -Ductless
Fuel:
Electric, Oil
Water Supply:
Drilled Well
Utilities:
Electrical, Septic, Sewer, Telephone, Well
Partially Fenced, Storage Building
Cleared, Highway Access, Treed, Visual Exposure, Waterfront, High Traffic Location, Other
Air Conditioning, Laundry Facilities, Living Accommodations, Outdoor Pool, Public Washrooms, Recreational Area, Recreational Facilities, Security System
None
Lake
Yes
Access: Bay, Access: Lake
Assessment:
564900.0
Assessment Year:
2017
HST:
Exempt from HST
Rental Income:
Yes
Net Income:
$57,666
Gross Revenue:
$85,666
Total Expenses:
$28,110
Business Tax Payer:
Owner
Property Taxes Payer:
Owner
Heating Payer:
Owner
Hydro Payer:
Owner
Water Payer:
Owner
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Type:
Other
Lease 1 - Net Rental Area:
6 Units
Lease 1 - Expiration Date:
Annual
Lease 1 - Occupant:
Tenant
Lease 1 - Rental Rate:
$43,850/year
Lease 2 - Type:
Other
Lease 2 - Net Rental Area:
Campground
Lease 2 - Expiration Date:
Nightly
Lease 2 - Occupant:
Tenant
Lease 2 - Rental Rate:
$27,700/year
Lease 3 - Type:
Other
Lease 3 - Net Rental Area:
3 small cottages
Lease 3 - Expiration Date:
Nightly
Lease 3 - Occupant:
Tenant
Lease 3 - Rental Rate:
$13,316/year
Lease 4 - Type:
Other
Lease 4 - Net Rental Area:
Pool Rental
Lease 4 - Expiration Date:
Annual
Lease 4 - Rental Rate:
800/year
Lease 4 - Occupant:
Municipality
Possession Info:
Negotiable
Listed Date:
Jan 23, 2018
Days on Mkt:
178
Listing information last updated on July 7, 2018 at 01:20 AM (UTC)
Andrew Murray
Angela  Leaman