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!
LT 4 S/S WILLIAM ST PL 61; MILL BLK PL 61 EXCEPT PT 1 42R3002; WHITESTONE
Occupancy
Own+Ten
Possession Date
flex tbd
Taxes (2023)
$5,243.21
Tax Type
Annual
Directions/Cross Streets
Hwy 124 x Bridge (Dunchurch)
Area
Parry Sound
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Bathrooms
2
Lot
281 x 400 ft
Lot Irregularities
irreg. 1.33ac 465' lakefrontage
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
Double Detached
Days Open
7
Hours Open
9am-8pm
LLBO
N
Employees
2
Financial Statement
N
Outside Storage
Y
Area Influences
Grnbelt/Conserv, Major Highway
Sewers
Septic
Water Supply Types
Lake/River
Water
Other
UFFI
No
Survey
Y
Lot/Bldg/Unit Code
Building
Zoning
c1,c2
Seller Property Info Statement
N
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.