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5007 Ontario 21 - Port Elgin Estates & Resort 125 Acres of Commercial Land in Port Elgin, ON N0H 2C5
Investment Highlights
- In-place cashflow with Seasonal year-round occupancy
- Major infrastructure in place with municipal water and sewer
- 5 minutes to Downtown Port Elgin and within the urban boundary
- Development supported by CMHC Loan Commitment
- Strong market drivers and support from Bruce Power
Executive Summary
Colliers is pleased to present the opportunity to acquire Port Elgin Estates & Resort (the "Property"), a 125-acre, multi-phase land lease community located at 5007 Highway 21 in Saugeen Shores, Bruce County, Ontario, on behalf of AlixPartners Restructuring, Inc. (the "Receiver").
Located 5 minutes from downtown Port Elgin and the Lake Huron shoreline, the Property fronts Highway 21 and comprises ˜ 60 acres of walking trails, a four-season park model section, and a three-season travel trailer section, zoned Commercial Recreation (CR) with municipal water and sewer service. Of its 253 sites, 134 are occupied leaving 119 vacant sites with clear lease up or development upside.
The Property offers significant development potential, anchored by a CMHC loan commitment for a 129-unit affordable housing development opportunity and reinforced by regional demand from Bruce Power’s new Project C, projected to create 18,900 construction jobs and 6,700 permanent jobs.
Located 5 minutes from downtown Port Elgin and the Lake Huron shoreline, the Property fronts Highway 21 and comprises ˜ 60 acres of walking trails, a four-season park model section, and a three-season travel trailer section, zoned Commercial Recreation (CR) with municipal water and sewer service. Of its 253 sites, 134 are occupied leaving 119 vacant sites with clear lease up or development upside.
The Property offers significant development potential, anchored by a CMHC loan commitment for a 129-unit affordable housing development opportunity and reinforced by regional demand from Bruce Power’s new Project C, projected to create 18,900 construction jobs and 6,700 permanent jobs.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 125.00 AC |
| Zoning | CR - Commercial Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 125.00 AC |
| Zoning | CR - Commercial Residential |
1 Lot Available
Lot
| Lot Size | 125.00 AC |
| Lot Size | 125.00 AC |
Receivership, 4-Season Resort Community with CMHC Development Opportunity
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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5007 Ontario 21 - Port Elgin Estates & Resort
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