Maximize Your ROI: Turn-Key Airbnb Property with Vendor Take-Back (VTB) MortgageUnlock a rare, high-yield investment on the serene shores of the Magnetawan River in Burk's Falls. Operating as a successful Airbnb with five fully renovated luxury units, this asset offers immediate cash flow. The seller is open to offering a Vendor Take-Back (VTB) Mortgage, lowering your barrier to entry and providing flexible financing.Investment Strategy & FlexibilityActive Airbnb Setup: Turn-key operations ready for immediate short-term rental income.Flexible VTB Financing: Capitalize on seller financing to bypass rigid traditional bank guidelines.Diverse Revenue Stream: 5 separate units allow for a mix of short-term, medium-term, or long-term rentals.Premium Optimization: Luxury finishes command top-tier nightly rates and maximize occupancy.Asset Breakdown & LayoutTotal Living Space: 5,888+ sq. ft. of refined, top-to-bottom renovated space.Total Capacity: 11 spacious bedrooms distributed across 5 high-end units.Main Floor (3 Units): Optimized for high-turnover guests (570 sq. ft. | 707 sq. ft. | 980 sq. ft.).Upper Level (2 Premium Suites): Perfect for larger groups or luxury stays (1,580 sq. ft. | 898 sq. ft.). (id:57276)
| MLS® Number | X13629784 |
| Property Type | Multi-family |
| Community Name | Burk's Falls |
| ParkingSpaceTotal | 12 |
| ViewType | Direct Water View |
| BathroomTotal | 7 |
| BedroomsAboveGround | 11 |
| BedroomsTotal | 11 |
| Appliances | Oven - Built-in, Water Meter |
| BasementDevelopment | Other, See Remarks |
| BasementType | N/a (other, See Remarks) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Concrete |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| Other | |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 237 Ft ,3 In |
| SizeFrontage | 197 Ft ,8 In |
| SizeIrregular | 197.7 X 237.3 Ft |
| SizeTotalText | 197.7 X 237.3 Ft |
https://www.realtor.ca/real-estate/30105331/145-syples-street-burks-falls-burks-falls
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Albert Yu
Salesperson