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$ 2,999,000
Est. payment /mo
New
5608 PENETANGUISHENE ROAD Springwater, ON L0L1P0
5 Baths
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $2,999,000
Subdivision Rural Springwater
MLS® Listing ID S12234737
Lot Size 1.060 Acres
Acres 1.06
Source Toronto Regional Real Estate Board
Property Description
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). (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Sewer Septic System
Others
Virtual Tour https://youtu.be/lAIQOdY3EzM
Listed by ROYAL LEPAGE FIRST CONTACT REALTY