Rideau Lakes Apartment Buildings for Sale

Multifamily in Rideau Lakes available for sale

Rideau Lakes Apartment Building for Sale

26 Salmon Side Rd

Smiths Falls, ON K7A 4S5

Multifamily for Sale
$3,150,000 CAD
5,000 SF

Smiths Falls Multifamily for Sale - Northeast Ontario

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.

Contact:

DRM Real Estate & Developments; Brokered By RE/MAX

Property Subtype:

Mobile Home Park

Date on Market:

2026-05-07

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Apartment Buildings for Sale in Rideau Lakes

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How many apartment buildings are available for sale in Rideau Lakes?

There are currently 1 apartment buildings available for sale in Rideau Lakes, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Rideau Lakes?

The average size of apartment buildings available for sale in Rideau Lakes is about 5,000 SF. The largest apartment buildings available to buy is 5,000 SF and the smallest is 5,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Rideau Lakes?

The average market cap rate for apartment buildings for sale is about 6.50% based on data provided in Rideau Lakes. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Rideau Lakes