Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

292 Marina Road, Rideau Lakes, ON K0G 1E0

Investment
$2,190,000

Investment opportunity on the Heritage Rideau Canal System! Welcome to the Indian Lake Marina and Campground. This well-established business has 550' of deep, clean shoreline and is nestled in the trees with 26 acres of prime commercially zoned waterfront land. This gorgeous property not only has a full marina but offers a perfect getaway for the outdoorsy camper, fisherman and boater. There are three large dock sections with 80 slips available to rent. The main dock framework is constructed out of steel and the decking is pressure treated lumber. These docks have been updated recently and are in great shape with mainly seasonal boat slips rented. Down at the lakeside there is a convenience store with an LCBO location where boaters can find ice, water, clothing, camping/boating supplies as well as very popular scooped ice cream. There is a modern fuel system and a galvanized trailer septic pump out system attracting many Cruisers traveling the Rideau System. This location is a favourite stopover for 2 popular boating routes; 'The Great Loop' and the 'Montreal to Ottawa Loop'. Servicing and winter boat storage can be accomplished within the 6000 sq.ft building or outside with a capacity of 100+ spots. There are 18 RV/trailer sites on the property with electricity and water with room for expansion. There are also 2 tent sites in a remote setting. Included are 3 RV/trailers available for use or rentals. There are updated showers, park-wide WiFi and video security. This could be your next great investment and chance to operate your own business on a beautiful lake in the heart of the Rideau Canal System or a completely new endeavour!

MLS number
X12908132
Type
Investment
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0G 1E0
Photos
48
Property tax
$7,661 / year
174days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 517 people.

$86,000Median household income
89.7%Own their home
97.8%Detached houses
56.8Median age
4.5%Born outside Canada
20.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35070292 — the few blocks around this address, home to 517 people. It describes the area, not this property.

517Population
49.4Average age
2.3Household size
$87,000Average household income
$86,000Median household income
90%Own their home
10%Rent
0%Condominiums
5%Born outside Canada
20%University degree
$472,000Average home value
10%Low income
80%Not in the labour force
18%Never married
Under $5,0002%
$15,000 to $19,9993%
$20,000 to $24,9993%
$30,000 to $34,9993%
$35,000 to $39,9995%
$45,000 to $49,9995%
$50,000 to $59,9993%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over31%
$100,000 to $124,99914%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over6%

Percentages are of the 320 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$438,000 · minimum here is $438,000
$9,696.85per month
Borrowed before insurance$1,752,000
Total borrowed$1,752,000
Interest over 25 years at 4.5%$1,157,054

If you rented it out

-$10,335.26per month out of pocket
Rent$0.00
Everything it costs to hold$10,335.26
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.