26 Salmon Side Road, Rideau Lakes
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. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 26 Salmon Side Road, Rideau Lakes
- Type
- Lots and Land
- Living Area
- 49 sqft
- Lot Size
- 49.4
- Annual Taxes
- $29,830 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 26 Salmon Side Road
Active Listings
21
Min Price
$119,900
Max Price
$3,150,000
Avg Price
$686,171
Days on Market
85
days
Sold Listings
6
Min Sold Price
$149,900
Max Sold Price
$629,000
Avg Sold Price
$413,950
Days until Sold
91
days
Neighbourhood Census Data
Rideau Lakes, Ontario
Population
638
Median Age
49
Median Income
$33,824
Dwelling Value
$240,247
Housing Tenure
Owners 98%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 31.1/km²
Avg Shelter Cost: $1,175/mo
Owners with Mortgage: 57.1%
Owners Spending 30%+: 16%
Tenants Spending 30%+: 0%
English only: 92.1%
English and French: 7.9%
Neither: 0.8%
Median Household Income: $77,824
Median Employment Income: $26,944
Price History
Listed
May 1, 2026
by RE/MAX HALLMARK REALTY GROUP
Current Price
$3,150,000
Type
Lots and Land
For Sale
