2216 HWY 124, Whitestone, Ontario
$1,389,000
- 2 Baths
Attention resort property investors! 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 recreational toys. The Games Building, located closer to the shoreline and beach area, provides renters with a space for family fun and sports viewing. The real highlight for investors lies in the four beautifully renovated cottages on the property. With three 2-bedroom cottages and one 1-bedroom cottage, each with private docks, these units offer privacy and 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! (id:23309)
- Listing ID: X9051200
- Property Type: Business
Schedule a Tour
Schedule Private Tour
Scott Brubacher would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Scott Brubacher, who specializes in Whitestone real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Scott Brubacher find a property to match your lifestyle.
Listing provided by FOREST HILL REAL ESTATE INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 2216 HWY 124 in Whitestone Ontario. It was last modified on July 23rd, 2024. Contact Scott Brubacher to schedule a viewing or to discover other Whitestone real estate for sale.