2216 Hwy 124 Whitestone, Ontario P0A 1G0
$1,389,000
Attention resort property investors and those interested in Living at a beautiful location with income properties to benefit from. This exceptional property on Whitestone Lake offers an unparalleled opportunity to capitalize on a thriving rental market. The charming updated bungalow serves as the main residence, featuring a spacious primary bedroom, two offices, a generous great room, and a sprawling deck with stunning lake views. The walk-out basement includes an additional bedroom, a recreational room, and direct access to a hot tub room, perfect for year-round enjoyment. In addition to the main residence, the property includes a massive oversized two-car garage built in 2017, equipped with its own electrical system and heating and fans, ideal for vehicles, equipment, and those recreational toys. The Games Building, located closer to the shoreline and beach area, provides everyone with a space for family fun and sports viewing. the highlight for those looking to easily create extra inc, lies in the four beautifully renovated cottages on the property. 3- 2-bedroom cottages and one 1-bedroom cottage, each with private docks. These units offer privacy & comfort for guests. The consistent demand and repeat visitors through Airbnb and seasonal rentals ensure a steady stream of income. Moreover, a fifth building on the property awaits you. This versatile structure is primed for transformation into a year-round rental or instead of a rental unit it could be a commercial venture. With existing heat equipment and exterior siding work pending (virtually rendered in photos), it has previously served multiple purposes, including as a restaurant. This property is a goldmine of opportunity, generating income from seasonal renters and Airbnb guests. Whether you choose to live here, run a business, or develop your dream resort, the possibilities are endless. Seize this chance to invest in a prime lakeside location with great income streams and boundless potential! **** EXTRAS **** Property consists of: 1 x YEAR ROUND HOME approx 1400 sq ft with w/o basement, 4 x COTTAGES WITH private individual DOCKS, 1 x TWO BDR HOME , OVERSIZED DOUBLE Heated GARAGE , RECREATIONAL GAMES BUILDING.b STORAGE, PLAYGROUND, Beach area (id:53086)
Property Details
| MLS® Number | X9052060 |
| Property Type | Single Family |
| Amenities Near By | Marina, Beach |
| Community Features | Fishing |
| Equipment Type | Propane Tank |
| Features | Irregular Lot Size, Carpet Free, Guest Suite |
| Parking Space Total | 12 |
| Rental Equipment Type | Propane Tank |
| Structure | Deck, Workshop, Dock |
| View Type | Lake View, View Of Water, Direct Water View |
| Water Front Name | Whitestone |
| Water Front Type | Waterfront |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 9 |
| Bedrooms Total | 11 |
| Appliances | Hot Tub, Water Treatment, Water Heater |
| Architectural Style | Bungalow |
| Basement Development | Partially Finished |
| Basement Features | Walk Out |
| Basement Type | N/a (partially Finished) |
| Construction Style Attachment | Detached |
| Construction Style Other | Seasonal |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Type | Woodstove |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Propane |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | House |
Parking
| Detached Garage |
Land
| Access Type | Highway Access, Private Docking |
| Acreage | No |
| Land Amenities | Marina, Beach |
| Sewer | Septic System |
| Size Depth | 400 Ft |
| Size Frontage | 281 Ft |
| Size Irregular | 281 X 400 Ft ; Irreg. 1.33ac 465' Lakefrontage |
| Size Total Text | 281 X 400 Ft ; Irreg. 1.33ac 465' Lakefrontage|1/2 - 1.99 Acres |
| Surface Water | Lake/pond |
| Zoning Description | C1,c2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 500 m | 4.42 m | 500 m x 4.42 m |
| Basement | Recreational, Games Room | 5 m | 4.74 m | 5 m x 4.74 m |
| Basement | Laundry Room | 7.3 m | 3.45 m | 7.3 m x 3.45 m |
| Main Level | Living Room | 7.1 m | 464 m | 7.1 m x 464 m |
| Main Level | Dining Room | 4.8 m | 4.1 m | 4.8 m x 4.1 m |
| Main Level | Kitchen | 4.78 m | 3.3 m | 4.78 m x 3.3 m |
| Main Level | Office | 3.78 m | 2.43 m | 3.78 m x 2.43 m |
| Main Level | Bedroom | 4.57 m | 3.49 m | 4.57 m x 3.49 m |
| Main Level | Primary Bedroom | 5 m | 3.96 m | 5 m x 3.96 m |
https://www.realtor.ca/real-estate/27208172/2216-hwy-124-whitestone
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2024 04:31:13
Toronto Real Estate Board
Forest Hill Real Estate Inc.