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PCL 4500 Nungesser LK

Red Lake, Ontario

  • Other
$2,000,000

This camp is what dreams are made of! It may be exactly the opportunity you've been searching for: a beautiful established resort property with a high occupancy rate and a very strong percentage of repeat clientele year over year. Located on Nungesser Lake which is a fresh water lake and the head water of the entire Gull Rock, Keg, Red, Little Vermilion, Nungesser Lake Chain. It is approximately 18.5 miles long and has approximately 30,000 acres of fish holding structures. The property features 10 guest cabins accommodating 66 guests as well as a main lodge with living quarters, workshop/ storage shed, laundry house, office/store, bait house and an updated docking system that accommodates up to 26 boats. Recent upgrades include brand new cabin 3, 4 and 5, office and store building done in 2019, portage landing rebuilt, new septic system, and major renovation of cabin 9. The pride of ownership with this camp is undeniable. Maybe you're looking for a way to escape the mundane hustle and bustle of every day life, and you love the outdoors? Here's a way to make a great living surrounded by nature.

Price History

Property

Lot Size
4.96 acres

Community

Postal area P0V

Population
22,944
Private dwellings
9,106
Median age
30.8
Average household size
3.1
Median household income
$71,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Red Lake · last 12 months

Median sold price
$256,000
Homes sold
11
Median days on market
24
Sale-to-list price
94.5%

Based on 11 recorded sales of other properties in Red Lake over the last 12 months.

Walk Score

Walk Score is unavailable for this address right now.

Mortgage Calculator

$400,000

Estimated Monthly Payment

$9,825

Land transfer tax

Estimated land transfer tax$36,475

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $9,825/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $500/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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