$1,389,000 FOR SALE

Business for Sale

Cabins/Cottages

Lot: 281 x 400 ft
2023 Taxes: $5,243.21

2216 Hwy 124
Whitestone, ON P0A 1G0 | Parry Sound

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!

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Listed By FOREST HILL REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9051200
Last Updated Jul 23, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Cabins/Cottages
Franchise Non-Franchise
Business/Building Name The Narrows Resort
Category With Property
PIN 520881023
Legal Description 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

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