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9 - 7 Silver Point Road Seguin, Ontario P2A 2W8

2 Bedroom 1 Bathroom 700 - 1100 sqft
Bungalow Fireplace Other Waterfront On Lake Acreage

$399,000

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 (id:13139)

Property Details

MLS® Number X13647424
Property Type Single Family
Community Name Seguin
AmenitiesNearBy Beach, Park
Easement Unknown
EquipmentType Propane Tank
Features Wooded Area, Irregular Lot Size, Rocky, Sloping, Open Space
ParkingSpaceTotal 2
RentalEquipmentType Propane Tank
Structure Deck, Porch, Dock
ViewType Lake View, View Of Water, Direct Water View, Unobstructed Water View
WaterFrontType Waterfront On Lake

Building

BathroomTotal 1
BedroomsAboveGround 2
BedroomsTotal 2
Age 51 To 99 Years
Amenities Fireplace(s)
Appliances Water Heater
ArchitecturalStyle Bungalow
BasementType None
ConstructionStyleAttachment Detached
ConstructionStyleOther Seasonal
ExteriorFinish Vinyl Siding
FireProtection Smoke Detectors
FireplacePresent Yes
FireplaceTotal 1
FoundationType Block
HeatingFuel Propane
HeatingType Other
StoriesTotal 1
SizeInterior 700 - 1100 Sqft
Type House

Parking

No Garage

Land

AccessType Year-round Access, Private Docking
Acreage Yes
LandAmenities Beach, Park
Sewer Septic System
SizeDepth 1020 Ft
SizeFrontage 310 Ft
SizeIrregular 310 X 1020 Ft
SizeTotalText 310 X 1020 Ft|2 - 4.99 Acres
ZoningDescription Rr

Rooms

Level Type Dimensions
Main Level Living Room 4.69 m x 3.8 m
Main Level Kitchen 2.46 m x 3.31 m
Main Level Dining Room 2.23 m x 3.31 m
Main Level Bathroom 2.23 m x 2.25 m
Main Level Bedroom 2.98 m x 4.43 m
Main Level Primary Bedroom 3.53 m x 3.17 m

Utilities

Electricity Installed
Wireless Available

https://www.realtor.ca/real-estate/30125096/9-7-silver-point-road-seguin-seguin

Interested?

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