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A cottage rental resort on an impressive 0.88 acre lot with 260 ft of pristine sandy waterfront. Truly a rare and treasured piece of Balsam Lakes sought after shoreline. Featuring 8 seasonal cottages and a main 1700 sqft year round home with a boathouse. 7 of the cottages have three bedrooms, 1 has two bedrooms. Each cottage has a living room, dining table, kitchen, full bathroom, bbq, picnic table, and firepit. Wade in sandy beach with crystal clear water and floating waterslides, perfect for all ages to enjoy the lake. Guests can enjoy basketball, horseshoes, the swing set, sandbox, or a picnic with a view of the majestic sunset, all under the canopy of towering pine trees. The main house features 2 kitchens, 4 bedrooms, 2 bathrooms, a boathouse with rooftop patio and a detached garage. Large main dock plus smaller docks along the shoreline for parking boats. Separately deeded back lot used for guest parking is included in the offering. 6 septic systems and 2 holding tanks. Family owned and operated for over 50 years. 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Description
This is a good investment, all units are occupied, Monthly income of 4675.00 4 of 5 units are self sufficient with the 5th one giving verbal notice to move out by Sept. leaving that unit to change over to Plus hydro, giving more profit and a chance for further rent increase. Rents are 28-1050+ , 28-1 -750+, 28-2- 1000+, 26-1 975 all inclusive, 26-2- 900+ Many updates have been done Siding, and extensive cosmetic to 3 of 5 units. 4 new windows, Roof is less than 6 yrs old. The land has just be converted from leased to freehold. It is up to the buyer to ensure if HST is included in or Plus. This Listing is also posted on Realtor.ca Residential MLS x12178032
Details
MLS® Number
X12177083
X12177083
Property Size
1600 Sqft
1600 Sqft
Additional details
- Utilities: Yes
- Cooling: No
- County: Stormont, Dundas and Glengarry
- Property Type: Commercial Sale
Address
- Address 28 Lochiel Street
- City North Glengarry
- State/county ON
- Zip/Postal Code K0C 1A0
- Country CA