26 Salmon Side Road

ActiveRideau Lakes · 820 - Rideau Lakes (South Elmsley) Twp97 days on marketMLS® X13070044

$3,150,000

$64,286 / sq ft

Bedrooms0

Bathrooms0

Interior49 sq ft

Lot Size49 sq ft

TypeCommercial

ListingFor Sale

Days on Market97

About this property

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.

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Property details

MLS® Number	X13070044
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	49 sq ft
Lot Size	49 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	820 - Rideau Lakes (South Elmsley) Twp
City	Rideau Lakes
Postal Code	K7A 4S5
Province	ON
Listed Date	May 1, 2026
Days on Market	97
Price per Sq Ft	$64,286
Brokerage	RE/MAX HALLMARK REALTY GROUP