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$ 2,999,000
Est. payment /mo
New
5608 Penetanguishene RD Springwater, ON L0L 1P0
5 Baths
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $2,999,000
Subdivision Rural Springwater
MLS Listing ID S12234737
Building Age 0-5
Annual Tax Amount $4,261
Tax Year 2025
Property Sub-Type Investment
Lot Depth 209.0
Lot Front 200.0
Property Description
Just 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).
Location
Province ON
County Simcoe
Community Rural Springwater
Area Simcoe
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 200.0
Lot Depth 209.0
Others
Security Features No
Virtual Tour https://youtu.be/lAIQOdY3EzM
Listed by ROYAL LEPAGE FIRST CONTACT REALTY