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Prime Development Opportunity Ready To Go
Location: Canada -> Manitoba -> Pelican Lake
Industry: Real Estate > Other Real Estate

Business Summary

Attention Developers and Home Builders:

This is a rare opportunity to develop the last building property within the town limits of Ninette, Manitoba at Pelican Lake and meet the housing demands of southwestern Manitoba.

This gorgeous 80 acre master planned community (Cottage Grove) at Southern Manitoba's largest lake; Pelican Lake is available for sale. The property consist of a meadow and a plateau (approximately 200 feet of elevation change) divided by a treed valley.

Prime Location within town limits with sewer, electric, phone and Internet available. Easy access to town services, beach, boat launch yacht club and highway access. There are numerous area attractions within 30 kms of the property, including 63 holes of golf, Belcourt Casino, and the International Peace Gardens.

There are several options for acquisition:

1. The entire property, including all studies, reports, Facebook fan page, website, subdivision plans, and engineering plans.

2. Acquire wholesale lots in bulk, multi-family lots, commercial or recreational property.

Property comeDetails:

Approximately 80 acres zoned GD (General Development); residential and commercial
Engineering for 52 lots (22 multi family, 30 single family) with topo, survey and archealogical study
Conceptual plan for 110 lots plus
Phase 1 - approved 14 lots (4 sold) with approved subdivision plan, improved interior road and roughed in park. Current lot prices $25,000
Appraisal for $405,000 without any approvals, studies or improvements.

Branded website with lead capture, SEO optimized, blog and social media integration
Facebook fan page with 315 Fans (started March 2013)

Asking Price $597,500; other acquisition options can be discussed and negotiated.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $250,000
Cash Flow:   $250,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2012
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Relocation


View Larger Photo(s) Of Business
Prime Development Opportunity Ready To Go Photo 1

Print Listing Id: 700195110
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