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Golf Shores Resort Condominiums 501 Quadna Rd 40 Unit Apartment Building $10,993,537 CAD ($274,838 CAD/Unit) Hill City, MN 55748
INVESTMENT HIGHLIGHTS
- 40 individually titled Lakeshore resort condominiums. Tons of amenities. investor/buyer my rent long-term or short term.
EXECUTIVE SUMMARY
Low down(10%), low interest(4.99%) owner financing available on this prime, redeveloped Lakeshore condo resort in Northern Minnesota. A total of 40 individually titled, free and clear condos available. Tons of amenities. Short term and long-term rental strategy possible for owner/investor.Maximize return with planned sales strategy. Fractional ownership sales allowed to increase return. Plus bonus 8 acres of Lakeshore available for future development.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$827,100
|
$13.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$827,100
|
$13.78
|
| Taxes |
$40,528
|
$0.68
|
| Operating Expenses |
$237,102
|
$3.95
|
| Total Expenses |
$277,630
|
$4.63
|
| Net Operating Income |
$549,470
|
$9.16
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $827,100 |
| Annual Per SF | $13.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $827,100 |
| Annual Per SF | $13.78 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,528 |
| Annual Per SF | $0.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $237,102 |
| Annual Per SF | $3.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $277,630 |
| Annual Per SF | $4.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $549,470 |
| Annual Per SF | $9.16 |
PROPERTY FACTS
| Price | $10,993,537 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $274,838 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 131.50 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 60,000 SF |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | Residential - Residential | ||
| Price | $10,993,537 CAD |
| Price Per Unit | $274,838 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 131.50 AC |
| Building Size | 60,000 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Zoning | Residential - Residential |
AMENITIES
SITE AMENITIES
- Picnic Area
- Playground
- Sauna
- Waterfront
- Lake Access
- Private Bathroom
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PROPERTY TAXES
| Parcel Number | 57-0-003002 | Total Assessment | $491,711 CAD (2025) |
| Land Assessment | $423,337 CAD (2025) | Annual Taxes | $40,528 CAD ($0.68 CAD/SF) |
| Improvements Assessment | $68,374 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
57-0-003002
Land Assessment
$423,337 CAD (2025)
Improvements Assessment
$68,374 CAD (2025)
Total Assessment
$491,711 CAD (2025)
Annual Taxes
$40,528 CAD ($0.68 CAD/SF)
Tax Year
2026
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Presented by
Renewal Development LLC
Golf Shores Resort Condominiums | 501 Quadna Rd
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