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2216 HWY 124, Whitestone
2024-07-25
Quick Summary
MLS®#X9051200
Property Description
Attention resort property investors! 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 recreational toys. The Games Building, located closer to the shoreline and beach area, provides renters with a space for family fun and sports viewing. The real highlight for investors lies in the four beautifully renovated cottages on the property. With three 2-bedroom cottages and one 1-bedroom cottage, each with private docks, these units offer privacy and 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! (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Highway
Building
- Cooling Type: Fully air conditioned
- Fireplace: No
Features
- Feature: Irregular lot size, Conservation/green belt
Land
- Land Size: Bldg=281 x 400 FT ; irreg. 1.33ac 465' lakefrontage
- Sewer: Septic System
Zoning
- Description: c1,c2
Information entered by FOREST HILL REAL ESTATE INC.
Listing information last updated on: 2024-09-04 04:30:39
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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