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2216 Hwy 124
Whitestone, Ontario, P0A 1G0
MLS® Number : X9052060
2 + 9 Beds / 7 Baths / 12 Parking
Lot Front: 281 Feet / Lot Depth: 400 Feet
Description
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
Property Type
Detached
Neighbourhood
--
Garage Spaces
12
Property Taxes
$ 5,243.21
Area
Parry Sound
Additional Details
Drive
Available
Building
Bedrooms
2 + 9
Bathrooms
7
Utilities
Water
Other
Sewer
Septic
Features
Kitchen
1 + 6
Family Room
N
Basement
Part Fin
Fireplace
Y
External Features
External Finish
Vinyl Siding
Property Features
Cooling And Heating
Cooling Type
Central Air
Heating Type
Forced Air
Bungalows Information
Days On Market
46 Days
Rooms
Metric
Imperial
| Room | Dimensions | Features |
|---|---|---|
| Living | 23.29 X 1522.31 ft | W/O To Deck Overlook Water |
| Dining | 15.75 X 13.45 ft | W/O To Deck Overlook Water |
| Kitchen | 15.68 X 10.83 ft | Stainless Steel Appl Backsplash Pantry |
| Office | 12.40 X 7.97 ft | W/O To Yard |
| Br | 14.99 X 11.45 ft | W/O To Sundeck |
| Prim Bdrm | 16.40 X 12.99 ft | 5 Pc Ensuite Soaker |
| Br | 1640.42 X 14.50 ft | W/O To Terrace Hot Tub |
| Rec | 16.40 X 15.55 ft | |
| Laundry | 23.95 X 11.32 ft | W/O To Garden |
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