$1,389,000
FOR SALE

Detached Bungalow

Bedrooms: 2+9Bathrooms: 7Lot: 281 x 400 ft
2023 Taxes: $5,243.21

2216 Hwy 124
Whitestone, ON P0A 1G0 | Parry Sound

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
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Listed By FOREST HILL REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9052060
Last Updated Aug 13, 2024
Property Summary
Property Type Detached

More like this:
PIN 520881023
Legal Description LT 4 S/S WILLIAM ST PL 61; MILL BLK PL 61 EXCEPT PT 1 42R3002; WHITESTONE
Possession Date Flex TBD
Taxes (2023) $5,243.21
Directions/Cross Streets Hwy 124 x Bridge (Dunchurch)
Area Parry Sound
Price History

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Detailed Information
Fronting On W
Link N
Property Features Beach, Lake Access, Lake/Pond, Library, Marina, Waterfront
Access To Property Highway
Waterfront Direct
Water Frontage 141.73
Water Body Type Lake
Water Body Name Whitestone
Waterfront Accessory Buildings Bunkie
Shoreline Mixed, Sandy
Shoreline Allowance Owned
Shoreline Exposure N
Water Features Dock, Watrfrnt-Deeded
Special Designations Unknown
Easements Restrictions Unknown
Bedrooms 2+9
Bathrooms 7
Rooms 6
Kitchens 1+6
Lot 281 x 400 ft
Lot Irregularities irreg. 1.33ac 465' lakefrontage
Acreage .50-1.99
Approximate Square Footage 1100-1500
Exterior Vinyl Siding
Air Conditioning Central Air
Family Room N
Fireplace/Stove Y
Pool None
Laundry Level Lower
Basement Part Fin, W/O
Drive Available
Garage Spaces 2.0
Garage Type Detached
Parking Spaces 10
Total Parking Spaces 12.0
Heat Source Propane
Heat Type Forced Air
Other Structures Aux Residences, Workshop
Sewers Septic
Utilities-Hydro Y
Utilities-Telephone Y
Water Supply Types Lake/River
Water Other
Water Delivery Features Heatd Waterlne, Uv System
UFFI No
Zoning c1,c2
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
LivingMain7.1 m x 464 m (23.29 ft x 1,522.31 ft)W/O To Deck, Overlook Water
DiningMain4.8 m x 4.1 m (15.75 ft x 13.45 ft)W/O To Deck, Overlook Water
KitchenMain4.78 m x 3.3 m (15.68 ft x 10.83 ft)Stainless Steel Appl, Backsplash, Pantry
OfficeMain3.78 m x 2.43 m (12.4 ft x 7.97 ft)W/O To Yard
BrMain4.57 m x 3.49 m (14.99 ft x 11.45 ft)W/O To Sundeck
Prim BdrmMain5 m x 3.96 m (16.4 ft x 12.99 ft)5 Pc Ensuite, Soaker
BrBsmt500 m x 4.42 m (1,640.42 ft x 14.5 ft)W/O To Terrace, Hot Tub
RecBsmt5 m x 4.74 m (16.4 ft x 15.55 ft)
LaundryBsmt7.3 m x 3.45 m (23.95 ft x 11.32 ft)W/O To Garden
Bathrooms
Pieces Level
5Main
2Main
3Flat

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