Vacation Rental Property on Manitoulin Island (Ontario, Canada)
Seven bedroom, two bathroom cottage rental opportunity on Manitoulin Island with majestic views of South Bay on Lake Huron. This year-round cottage also offers an additional 20’ x 20’ bunkie cabin. We are looking to raise $400,000 in order to cover down payment and closing costs as well as renovation and furnishing expenses.
Experience
We have a great sense of the real estate market and have owned and renovated many personal properties that have all doubled in value. This will be our first rental vacation property.
Required funding
Looking to raise $400,000
Location
Manitoulin Island (Ontario, Canada)
How many 10% stakes being offered
We are offering five 10% stakes at $80,000 each.
Potential income
Before expenses we are looking at earning $93,000 a year with a hundred percent occupancy. We also estimate the property will double in value within five to seven years.
Connect with project
Interested in investing in this real estate project? Email info@10percentinvestor.com and quote Project 0102 in the subject.