5608 Penetanguishene Road, Springwater, ON L0L 1P0

Springwater L0L 1P0 Ontario

MLS: S12234737

$2,949,000

Added 7 days ago | For Sale

Listed by: ROYAL LEPAGE FIRST CONTACT REALTY

About Property

Just over 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).

Features

  • House Style:Investment
  • Bathrooms:5
  • Land Size: 200 X 209
  • Water:Well
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Penetanguishene Rd / South Orr Lake Rd
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $4261
  • Bedrooms:
  • Total Parking Spaces:14
  • Parking Places:14
  • Heating Type:Other
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:S12234737

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