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$399,000
Available - For Sale
Listing ID: X13647424
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
Price $399,000
Taxes: $6,380
Assessment Year: 2026
Occupancy by: Owner+T
Address: 7 Silver Point Road , Seguin, P2A 2W8, Parry Sound
Acreage: 2-4.99
Directions/Cross Streets: Portage Lake Road
Rooms: 6
Bedrooms: 2
Bedrooms +: 0
Washrooms: 1
Family Room: F
Basement: None
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 15.38 12.46
Room 2: Main Kitchen 8.07 10.86
Room 3: Main Dining Ro 7.31 10.86
Room 4: Main Bathroom 7.31 7.38 4 Pc Bath
Room 5: Main Bedroom 9.77 14.53
Room 6: Main Primary B 11.58 10.40
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Main
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Main
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Main
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4 Main
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4 Main
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Property Type: Detached
Style: Bungalow
Exterior: Vinyl Siding
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 700-1100
Property Features: Beach
Lake Access
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Other
Central Air Conditioning: Other
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Septic
Water: Water Sys
Water Supply Types: Water System
Utilities-Cable: N
Utilities-Hydro: Y
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Royal LePage Team Advantage Realty

7 Silver Point Road , Seguin, P2A 2W8, Parry Sound

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Detached
Area: Parry Sound
Municipality: Seguin
Neighbourhood: Seguin
Style: Bungalow
Lot Size: x 1020.00(Feet)
Approximate Age: 51-99
Tax: $6,380
Maintenance Fee: $0
Beds: 2
Baths: 1
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949