This is an opportunity to acquire a multi-channel income-producing real estate asset, which includes a full-service marina, cottage resort, recreational vehicle (RV) park, and licensed patio restaurant. The property sits on 9.9 acres of land with over 80 boat slips, 30 park model sites, and 5 RV and transient trailer sites.
Its key location along an essential commercial waterway and long-standing relationships in the community allow the marina to retain its year-over-year customer base and generate consistent tourism income. The property is zoned Tourist Resort Commercial, which permits generous tourism and commercial uses.
The business includes park model cottage sales (authorized dealer for well-known brands), boat rentals, cottage rental, RV and transient trailer sites, convenience store sales, LCBO (liquor store), restaurant, and various marina ancillary services, including a fuel dock. The facilities are capable of handling various-sized watercraft. The business has longstanding employees and a diversified service offering, which sets it apart from the competition.
Demand for leisure boating and increased travel to vacation homes are significant tailwinds for the business. The marina’s exceptional location and convenient road access, being just 90 minutes North of Toronto, has allowed it to service a mix of locals and tourists.
Operators can increase revenue by leveraging pre-existing clients and further monetizing the retail side of the business. Normalized Net Operating Income for 2022 is $352,000.
