$ 1,389,000
2216 Hwy 124 N/A Whitestone, ON P0A 1G0
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$ 1,389,000
Est. payment | /mo
$ 1,389,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9051200
Annual Tax Amount $5,243
Tax Year 2023
Property Description
Attention resort property investors! This exceptional property on Whitestone Lake offers an unparalleled opportunity to capitalize on a thriving rental market. The charming updated bungalow serves as the main residence, featuring a spacious primary bedroom, two offices, a generous great room, and a sprawling deck with stunning lake views. The walk-out basement includes an additional bedroom, a recreational room, and direct access to a hot tub room, perfect for year-round enjoyment. In addition to the main residence, the property includes a massive oversized two-car garage built in 2017, equipped with its own electrical system and heating and fans, ideal for vehicles, equipment, and recreational toys. The Games Building, located closer to the shoreline and beach area, provides renters with a space for family fun and sports viewing. The real highlight for investors lies in the four beautifully renovated cottages on the property. With three 2-bedroom cottages and one 1-bedroom cottage, each with private docks, these units offer privacy and comfort for guests. The consistent demand and repeat visitors through Airbnb and seasonal rentals ensure a steady stream of income. Moreover, a fifth building on the property awaits you. This versatile structure is primed for transformation into a year-round rental or instead of a rental unit it could be a commercial venture. With existing heat equipment and exterior siding work pending (virtually rendered in photos), it has previously served multiple purposes, including as a restaurant.This property is a goldmine of opportunity, generating income from seasonal renters and Airbnb guests. Whether you choose to live here, run a business, or develop your dream resort, the possibilities are endless. Seize this chance to invest in a prime lakeside location with great income streams and boundless potential!
Location
Province ON
County Parry Sound
Community Greenbelt/Conservation, Major Highway
Interior
Cooling Yes
Exterior
Community Features Greenbelt/Conservation, Major Highway
Listed by FOREST HILL REAL ESTATE INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "