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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

2 Beds

1 Bath

2 Acres Lot

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Est. payment | -/mo

Save

2 Beds

1 Bath

2 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Seguin

MLS Listing ID X13647424

Style Bungalow

Bedrooms 2

Annual Tax Amount $6,380

Tax Year 2026

Lot Size 2.000 Acres

Property Sub-Type Detached

Property Description

INCOME-PRODUCING WATERFRONT OPPORTUNITY ON BEAUTIFUL SILVER LAKE. This cottage presents a different approach to recreational real estate-combining year-round personal enjoyment with proven income potential. Ownership is structured through the purchase of shares in the corporation that owns the resort. Rather than taking on the full cost and responsibility of a traditional standalone cottage, owners share many of the major expenses and maintenance obligations through the cooperative structure. For Buyers who understand alternative real estate ownership, this offers a practical, lower-maintenance way to participate in waterfront property. Built in 2013, the well-maintained 2-bedroom, 1-bathroom cottage is suitable for year-round use and has an established rental history. Current rental income is approximately $24,000 annually, representing an approximate 6% gross yield based on the $400,000 asking price, with rental demand extending beyond the summer season. Monthly maintenance fees are $800mth and cover many of the significant ongoing ownership expenses, including property taxes, insurance, internet, cable, waste removal, landscaping, water, septic maintenance and care of the resort grounds. Professional management further reduces the day-to-day responsibilities typically associated with cottage and short-term rental ownership. When you're using the property yourself, the setting delivers everything you would expect, including a sandy shoreline, private dock, direct lake access, swimming, boating and four-season recreation. For an investor, entrepreneur or recreational-property buyer looking beyond the conventional cottage model, this is an opportunity to acquire an interest in an established waterfront resort community with a proven rental history, year-round income potential and significantly reduced maintenance responsibilities. ANNUAL INCOME | YEAR-ROUND USE | COOPERATIVE OWNERSHIP | PROFESSIONALLY MANAGED

Location

Province ON

County Parry Sound

Area Parry Sound

Zoning RR

Body of Water Silver Lake

Rooms

Family Room No

Basement None

Kitchen 1

Interior

Interior Features Primary Bedroom - Main Floor, Water Heater

Cooling Other

Fireplaces Number 1

Fireplaces Type Living Room, Propane

Inclusions Buyer assumes any and all chattels that remain in the said property.

Exterior

Exterior Feature Deck, Porch, Recreational Area, Seasonal Living, Year Round Living

Pool None

Waterfront Description Beach Front,Dock,Winterized

View Lake, Water

Roof Type Asphalt Shingle

Road Frontage Year Round Municipal Road

Lot Frontage 310.0

Lot Depth 1020.0

Total Parking Spaces 2

Building

Building Age 51-99

Foundation Concrete Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by Royal LePage Team Advantage Realty

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+1(647) 493-3579

info@tonyledi.com

CAN

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7 Silver Point RD #9 Seguin, ON P2A 2W8