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.

4195 WATSONS CORNERS Road, Lanark Highlands, ON K0G 1M0

Sale Of Business
$2,600,000

Well-managed and popular campground with licenced restaurant, on 8 acres along picturesque Dalhousie Lake and Mississippi River. This popular campground is full every year. The busy campground has had no vacancies since 2017. Included with campground is turnkey 150 seat restaurant that serves campers and visitors from far and wide. Also turnkey, the campground offers 72 rental sites for trailers and four fully-equipped rental cottages. One cottage is four-season for living in all year. Sandy swimming beach that is shallow and gradually gets deeper, ideal for children and swimming. At the beach is huge lounging dock. Plus, three more docks for guest boats and rentals of kayaks, canoes and fishing boats. The campground has for its guests, coin operated laundry and shower facilities. Large play area for kids. The welcoming log restaurant features large wrap-about enclosed porch for extra dining area, with waterfront views. Inside, second dining area includes buffet tables. Fully-equipped kitchen comes with walk-in refrigerator & freezer, cooler refrigerator and deep freezer. Lower level of the restaurants has sitting area, bingo machine and speakers - creating business potential for catering events. Restaurant has central air conditioning, fireplace and parking for 21 cars. Hi-speed. Campground located on paved township maintained road for easy access. 25 mins to Perth or 1 hour to Ottawa.

MLS number
X13475198
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0G 1M0
Photos
30
Property tax
$13,645 / year
83days · 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 598 people.

$79,500Median household income
91.8%Own their home
98.1%Detached houses
58Median age
8.8%Born outside Canada
18.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090157 — the few blocks around this address, home to 598 people. It describes the area, not this property.

598Population
51Average age
2.2Household size
$85,000Average household income
$79,500Median household income
92%Own their home
8%Rent
0%Condominiums
9%Born outside Canada
18%University degree
$420,000Average home value
17%Low income
19%Never married
Under $5,0001%
$5,000 to $9,9991%
$15,000 to $19,9991%
$20,000 to $24,9997%
$25,000 to $29,9991%
$30,000 to $34,9993%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9994%
$60,000 to $69,9995%
$70,000 to $79,9994%
$80,000 to $89,9998%
$90,000 to $99,9994%
$100,000 and over26%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 365 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.

$520,000 · minimum here is $520,000
$11,512.24per month
Borrowed before insurance$2,080,000
Total borrowed$2,080,000
Interest over 25 years at 4.5%$1,373,671

If you rented it out

-$12,649.32per month out of pocket
Rent$0.00
Everything it costs to hold$12,649.32
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 COLDWELL BANKER FIRST OTTAWA REALTY. Listing data provided by the Toronto Regional Real Estate Board.