|Address||London, ON N6B1X2
|Bedrooms (#)||6 or more bedrooms|
|Bathrooms (#)||3 bathrooms|
|For Sale By||Owner|
(3 UNITS TOTAL) FANTASTIC INVESTMENT OPPORTUNITY!!! BUY SOME COTTAGES THAT WILL MAKE YOU MONEY - NOT COST YOU MONEY!! LARGE PROPERTY WITH 2 COTTAGES / YEAR AROUND HOMES IN BEAUTIFUL BALA... ( HAS 3 UNITS - 1 UPPER APARTMENT WITH SEPERATE ENTRANCE ) A PERFECT PLACE TO GET / GATHER THE FAMILY TOGETHER AND KEEP THEM TOGETHER OR AN EQUALLY EXCELLENT INVESTMENT OR RETIREMENT PROPERTY
*** Please Take 2 Minutes to Read This to Better Understand
Buy it for yourself and your Family / Extended Family to Enjoy or Rent it out and Make lots of Cash or do both!! This is an Awesome Property, its a Private, Very Relaxing Setting. The Cottages are not on the water but its only a stones throw away, Lake Muskoka surrounds the Property in a horseshoe shape. There's bush to the right side of the property and Bala Cove Marina is on the other side of the property - no neighbours on either side!!
The first Cottage / House has 4 bedrooms, its been completely redone and has a fantastic layout, it includes radiant in floor heating and has a large covered shaded porch to relax and eat or gather outside. There's a sundeck on the other side and it also has a screened in Muskoka room. The Driveway is Beautiful, its one of a kind and is all Natural Solid Granite which on its own its Worth a Fortune!!
There's a 1 bedroom apartment above it, It has Vaulted Ceilings and is very spacious, it has a large private deck and a screened in Muskoka room as well.... it can easily be made into a 2 bedroom apartment, If you rent the upper apartment out monthly the Income from that alone pretty much Covers Your Mortgage Payment.
The 2nd Cottage / House is a bungalow, it has recently undergone extensive renovations as well... it has 3 bedrooms a large deck and screened in Muskoka room
There's also a large Bunkie that sleeps 6, it's perfect for kids. And there's also a storage shed and a second separate outdoor storage area.
The also's don't stop there - there's also a Double Garage / Workshop which has been permitted by the city to be made larger and you are allowed to build - have another apartment above it as well.
From an Investment Standpoint its an Incredible opportunity Its right beside the snowmobile trail so You can rent the Cottages out during the winter as well producing great income... or rent them all monthly year around or rent them monthly for the winter months and to cottagers in the summer or rent the one cottage and the upper apartment monthly for the fall and winter and rent the other cottage through the winter for snowmobilers / vacationers or rent one and keep one for yourself or.... you get the point - Hahaha Endless Opportunities!!
The property is likely close to 3/4 of an acre - guessing at that but its a very nice size and it's large enough that you could rent it out for Weddings / Receptions. Corporate or Team Building events for Businesses, Family Reunions etc. You can offer to include catering these events and hire a local Caterer and Make More Money. Along the same lines you can run it as a Bed and Breakfast or you can also maximize profits by renting your own boats, or seadoos and skidoos, ATV's for hunters, fishing huts etc.
Normal city amenities are available - municipal water and sewer ( water is nice and clean and good to drink straight out of the tap ) all streets in the area are immediately snowplowed as need be, There's Garbage pick up at the Curb and there is High Speed Internet - Wifi, and Satellite TV Service here as well
Prime Location - there's plenty to do in the area and lots of fun to be had. Great Swimming, Fishing and Boating / Boat Launch close by.... Also the Beach, Beer Store, Liquor Store, Grocery Store, Restaurants, Ice Cream Shops, Pub, Arcade, Bala Falls and Key to Bala are all close by and all Within Walking Distance
The property itself offers lots to do - Crocket, Volley ball and Badminton Nets, Horseshoe Pits, 3 Fire Pits - 1 Central Group or Community pit if Friends or Families are staying in Both Cottages and 2 Separate Private Pits for each individual Cottage.
There's lots of Nature here as well theres Tons of Large Mature Trees surrounding the Property, they bring in a variety of Birds, Squirrels, Rabbits, Tame Chipmunks and if you're up early enough chances are good you'll see Deer in the Yard.
You will only need 5% down, because Both Cottages are considered Houses or Year Around Residences, you don't need the typical 25% down as you would for a cottage. The Property is 2 lots - taxes are very low - the total for both properties last year was just over $2000
The Property and Cottages have undergone extensive renovations and have a ton of upgrades, The Larger cottage has a Laundry Room with a Washer and Dryer and sink and the other Cottage has a Washer and Dryer as well. There's still work to be done here however it's just minor finishing touches. Now is a Great Time to Buy This because I'm going to have Everything Painted Outside starting in the next week or two, You may like the Rustic Look as it is or you may Want to Choose your own Colors
The Price is Only $389,500 it's Just Recently Been Listed and is Priced Low for a Quick Sale, I will also consider offers for you to Buy it With All Contents / Furnishings etc. Must be seen in person - Pictures don't do the Property Justice!!
WOW - Buy a Cottage that You Can Enjoy that will Make You Money instead of costing you money!! Please send me the best number to reach you at to Arrange a Private Viewing - Thanks
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