Homula Realty Brokerage
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4650 HWY 11/17, Oliver Paipoonge, ON P7K 0J1

Land
$2,500,000

For astute investors seeking high-yield assets or individuals desiring a tranquil lifestyle, this 25-acre campground and mobile home park presents a turnkey investment opportunity with consistent cash flows. The property comprises 95 developed sites, including 63 seasonal camp areas-:38 Big Rig Drive Thru sites equipped with full hookups-18 electric-only sites, seven non-hydro sites, and an additional two camping cabins. Amenities include a laundromat, shower and toilet facilities, and 1,000 sq ft swimming pool and hot tub. The 30-site mobile home park community (55+) generates consistent monthly income year-round, with potential availability of an additional 20+ sites (subject to municipal and provincial approval). The property includes a custom-built 3-bedroom home with private sauna and storefront. Conveniently situated 20 minutes from Thunder Bay and just half a mile from Kakabeka Falls (major tourist attraction), the property offers both accessibility and scenic surroundings. It is especially suitable for couples interested in onsite living, seasonal management, winter recreational opportunities and work/life balance.

MLS number
X12975310
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P7K 0J1
Photos
21
Property tax
$33,287 / year
156days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

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

$500,000 · minimum here is $500,000
$11,069.46per month
Borrowed before insurance$2,000,000
Total borrowed$2,000,000
Interest over 25 years at 4.5%$1,320,838

If you rented it out

-$13,843.38per month out of pocket
Rent$0.00
Everything it costs to hold$13,843.38
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 RE/MAX ADVANTAGE REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.