26 Salmon Side Road
820 - Rideau Lakes (South Elmsley) Twp, Rideau Lakes, K7A 4S5
$3,150,000
Listed 172 days ago · MLS® X13070044
About this home
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.
Details
- Type
- Investment
- Lot
- 1016 × 1768 ft
- Garage
- None
- Property tax
- $29,830 (2026)
- Neighbourhood
- 820 - Rideau Lakes (South Elmsley) Twp
- Municipality
- Rideau Lakes
Building and exterior
- Building area
- 49 Acres
More
- Possession
- TBA
- Cross street
- Golf Club Rd
History of this address
2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 0 parks.
Who lives here postal area K7A
- Owners / renters
- 72% / 28%
- Median household income
- $74,500
- Average age
- 45
- Children under 15
- 16%
- Homes
- 69% detached, 1% high-rise
- Commute by transit
- 0%
- Population
- 17,575
Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Arabic 0.1%, Mandarin 0.1%, Yue (Cantonese) 0.1%.
Safety
Crime Severity Index for Leeds County (Rideau Lakes) (OPP): 53 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RE/MAX HALLMARK REALTY GROUP.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
Similar homes nearby
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$3,150,000
26 Salmon Side Road
820 - Rideau Lakes (South Elmsley) Twp, Rideau Lakes
Land · MLS® X13070042 · RE/MAX HALLMARK REALTY GROUP