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551 Little Rideau Lake Rd - The West Waterfront - VENDER TAKEBACK 4,500 SF Specialty Building Offered at $2,499,999 CAD at a 7.04% Cap Rate in Portland, ON K0G 1V0
Investment Highlights
- Prime Portland lakefront location
- Fully-built out guest rentals
Executive Summary
The West Waterfront - a 14 bedrooms and 7 bathroom estate over 6 separate accommodation units plus a 1,000 sq ft *newly renovated* accessory structure for hosting events or servicing offerings. The estate is a perfect secluded setting for a hospitality establishment, wellness operation or private facility while being waterfront on the UNESCO world heritage, Upper Rideau Lake. The estate is a very private setting at a dead end street with no immediate neighbours and on a quiet waterfront Bay - allowing a variety of uses to call "The West" home.
The estate also comes with secured grandfathering rights to build an additional 6 bedrooms and 3 bathrooms over three additional and separate accommodation units, with planning rights secured on title. This is a built-in value of $150k PLUS saves future owners 1.5 years of approval timeline.
VENDER TAKE BACK financing possible. Willing to negotiate terms. Full operational transition kit with local trustworthy contacts. Flexible zoning with a residential waterfront designation yet secured grandfathering rights for tourist commercial. The sale can be inclusive of The West Waterfront branding and client list. The property is extraordinarily flexible!
The estate also comes with secured grandfathering rights to build an additional 6 bedrooms and 3 bathrooms over three additional and separate accommodation units, with planning rights secured on title. This is a built-in value of $150k PLUS saves future owners 1.5 years of approval timeline.
VENDER TAKE BACK financing possible. Willing to negotiate terms. Full operational transition kit with local trustworthy contacts. Flexible zoning with a residential waterfront designation yet secured grandfathering rights for tourist commercial. The sale can be inclusive of The West Waterfront branding and client list. The property is extraordinarily flexible!
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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The West Waterfront
551 Little Rideau Lake Rd - The West Waterfront - VENDER TAKEBACK
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