10 - 739 CONCESSION 15 ROAD W, Penetanguishene, Ontario L9M 1S4

One of Georgian Bay's rarest waterfront investment opportunities! Offered at $998,800, this fully winterized, turnkey cottage, designed by Paul Lafrance, former HGTV Decked Out host, offers year-round enjoyment and proven Airbnb earnings. At the asking price, annual Airbnb payouts of $80,000-$90,000 would represent an approximate 8.0%-9.0% rental-income yield before operating expenses, financing and taxes. Earnings statements available. Set within an intimate 12-cottage community, enjoy approximately 258 feet of private, shared sandy Georgian Bay shoreline, crystal-clear swimming, spectacular sunsets and approximately 3 acres of maintained waterfront ... read more

One of Georgian Bay's rarest waterfront investment opportunities! Offered at $998,800, this fully winterized, turnkey cottage, designed by Paul Lafrance, former HGTV Decked Out host, offers year-round enjoyment and proven Airbnb earnings. At the asking price, annual Airbnb payouts of $80,000-$90,000 would represent an approximate 8.0%-9.0% rental-income yield before operating expenses, financing and taxes. Earnings statements available. Set within an intimate 12-cottage community, enjoy approximately 258 feet of private, shared sandy Georgian Bay shoreline, crystal-clear swimming, spectacular sunsets and approximately 3 acres of maintained waterfront grounds. The unique ownership model combines full ownership of your cottage with a shared interest in the beachfront property, offering a compelling alternative to the cost of comparable standalone Georgian Bay waterfront. Bright and guest-ready, this 1.5-storey cottage features updated windows and sliding doors, a covered porch with charming wooden shutters, and generous storage underneath the deck. A heated saltwater inground pool and maintained grounds complete the resort-style experience. The monthly shared-property fee of $587.15 includes gas for the stove and fireplace, water, property taxes, septic, grounds maintenance, snow removal, garbage collection, beach and pool maintenance, and property management. Only hydro and internet are additional. Minutes from Balm Beach, restaurants and marinas, and convenient to Midland and Barrie, this is a rare opportunity to enjoy Georgian Bay waterfront ownership while benefiting from a demonstrated vacation-rental income stream. (id:25417)