For Sale

$2,999,000

5608 PENETANGUISHENE ROAD , Springwater, Ontario L0L1P0

5 Baths

Remarks

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:27)

Property Summary

  • Neighbourhood: Rural Springwater
  • Lot Frontage: 200.0 Feet
  • Lot Depth: 209.0 Feet
  • No. of Parking Spaces: 14
  • Floor Space (approx): 1 Square Feet
  • Acreage: Yes
  • Bathrooms (Total): 5
  • Zoning: Commercial; Tourist Establishment

Property Features:

  • Property Type:
    Business
  • Sewer:
    Septic System

Building Features:

  • Appliances:
    Dryer , Washer
  • Cooling Type:
    Fully air conditioned
  • Heating Type:
    Other
Lifestyle
Neighbourhood Info
Agent

Jennifer Squires

Sales Representative

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