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Investment signal

$1,595,000

393 & 399 GOLD CREEK ROAD

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Year

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Type

Business

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Drummond/North Elmsley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 393 & 399 Gold Creek Road! This successful Airbnb (with Superhost status) is nestled on approximately 2.7 acres of private, treed land with 195 feet of Mississippi River frontage. The main house (393 Gold Creek Road) can accommodate up to 14 guests with 3 bedrooms and 2.5 baths, on-site laundry, and a beautifully designed custom layout. The kitchen is fully equipped, featuring maple cabinetry, stainless appliances, glass backsplash, and a large island for prep and gathering. A wrap-around deck and covered veranda extend the living space outdoors, while the oversized 3-season gym offers panoramic water views and stunning sunsets. The upper-level primary suite provides a private retreat with river views, walk-in closet, and ensuite bath. Your guests can enjoy their stay to the fullest with an above-ground pool surrounded by expansive decking, hot tub, sauna and a covered tiki-style wet bar. The secondary dwelling (399 Gold Creek Road) is now ready to be rented and offers huge growth potential with a newly installed dedicated septic system. With its own private laneway, double car garage, 2 bedrooms and 1.5 baths, you can expand your accommodations for guests and increase your revenue, or live onsite to manage the Airbnb. There has been approximately $600,000 in gross revenue since the business began in July 2020; this is without the carriage house being rented. On average, the gross income annually ranges between $80,000-$150,000, with approximately $27,000 in operating costs. There are approximately $48,500 in confirmed Airbnb bookings for this season which would be transferred to the new owner upon closing. A full set of books can be provided upon an accepted offer. This property offers a unique investment opportunity in an idyllic setting with an already established Airbnb business. 24 hrs irrevocable on all offers. (id:65958)

Subtype: Business
Community: 908 - Drummond N Elmsley (Drummond) Twp
Lot size: 2.7 acres
Lot dimensions: 2.7
Parking: 10 total
On market: Mar 20, 2026
Status changed: Apr 24, 2026
Annual tax: $4,701.79
Zoning: Rural
Photos: 49
MLS#: X12905290
Area: DRUMMOND/NORTH_ELMSLEY

Features and systems

Appliances

Furniture

Heating

Baseboard heatersNot knownWood

Cooling

Fully air conditioned

Lot

Irregular lot size

Negative cash flow ~$1,694/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,758

Financing

Down payment$319,000

Loan amount$1,276,000

Mortgage$6,465/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$731

Insurance$80

Maintenance$1,329

CapEx reserve$665

Vacancy loss$399

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,465/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.