$2,999,000

Investment For Sale
MLS - #S12234737
17 hours ago- By ROYAL LEPAGE FIRST CONTACT REALTY

5608 Penetanguishene Road, Springwater, ON L0L 1P0

Bed
5 Bath
1.06 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

1.06 Sqft

About 5608 Penetanguishene Road

Just an hour north of Toronto; Discover a rare investment opportunity on beautiful Orr Lake with five fully winterized, waterfront cottages on over 200 feet of shoreline offering year-round income potential. These charming one- and two-bedroom units were rejuvenated in 2023 & are equipped with both heating and air conditioning, making them perfect for all-season rentals. Brand new Waterloo Septic System services the cottages ($82K). UV water system. Each cottage is thoughtfully designed for comfort and functionality, with direct access to a large 200+ foot sandy, shallow beach ideal for guests of all ages. Adding to the value is a freestanding coffee shop located on the property, currently leased out to incredible tenants, providing additional passive income. With consistent rental demand, scenic lake views, and solid returns, this is a turnkey waterfront portfolio not to be missed. Machinery included: John Deere zero turn mower & Kioti tractor. Located across the street from Orr Lake Golf Club, LCBO and a short drive to Slopes & Spas (Mt St Louis, Horseshoe, Vetta & Snow Valley).

Home Overview

Last updated

17 hours ago

Virtual tour

None

Basement information

Building size

1.06

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Other
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
299900000.0%
Higher than average

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Walk Score for 5608 Penetanguishene Road

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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