Waterfront Duplex + Additional Cottage in Gravenhurst With Potential To Sever Lot!! Assigned

  • $790,000
  • 4 beds
  • 2 baths
  • 1648 sqft
Assigned

Featuring a 3 bedroom unit on the ground floor, a 1 bedroom unit on the second floor, a separate cottage unit with its own laundry/storage, boat launch, fire pit, and a grandfathered boathouse/floating dock on an acre of land – you won’t find a more profitable or ideal investment in the Gravenhurst area! Tons of storage available including 2 sheds and a detached, large, detached garage, vegetable garden, parking for 9+ vehicles with 2 separate driveways and no neighbours to one side make this stunning corner lot impossible to pass up. This waterfront beauty is only heightened by how incredible investing in this triplex will be for your bank account. The kicker? Property taxes are the same as a non-waterfront property. The average detached waterfront home in the Muskoka area is $837,500, up 67.5% over last year! At only $790,000, you can’t pass up cottage season profits that will be sure to come from this sensational property!!

We are selling our assignable purchase contract.

Closing is May 10th, 2021
**As per our APS, the Seller has issued an N11 to the tenant for the date of May 20th, 2021. If the Buyer decides to keep the tenant, the Seller agrees to void the N11.**

WHAT are the options?
Option 1: Move into 3 bedroom unit and Airbnb or rent the 1 bedroom unit and separate cottage.Option 2: Move into separate cottage and rent out main house as an Airbnb cottage.

Option 3: Option 1 or 2 + the ability to sever the lot as it is currently 2 pins (Buyer to verify).

PROPERTY FEATURES
The Seller states that this property is a legal, non-conforming triplex and had 3 hydro meters, as well as 3 separate addresses. The Seller removed the 3rd hydro meter as they did not want to be charged for a meter they were not using (Buyer to verify).Main House

  • Main floor unit:
    • 3 bedrooms
    • 1 bathroom on main level with access to master bedroom and hallway
  • Second floor unit:
    • 1 bedroom
    • 1 bathroom on second floor
  • Built in 1910 (renovated in 2003, as per MPAC)
  • Above grade: 1648 sq ft
    • First floor: 1195 sq ft
    • Second floor: 453 sq ft
  • Unfinished basement: N/A (as per MPAC)
    • Ceiling height of 6.35 ft (Buyer to verify)
  • Separate entrances:
    • Living room sliding doors lead to waterfront
    • Living room to second floor patio
    • Front door to bedroom (currently not in use)
  • 2 kitchens in main house
  • Flooring is a mix of laminate and tile throughout the unit, last updated approximately 9-years-ago (as per Seller)
  • 2, 100 AMP breaker panels (Buyer to verify)
  • 11,000 watt backup generator (as per Seller)
  • Pellet stove is the main source of heat throughout the property (as per Seller)
  • Electric baseboard heating unit is not being used (as per Seller)
  • 2 hydro meters 
  • No central AC
  • HWT is owned and is approximately 10-years-old (as per Seller)
  • Windows were updated approximately 7-years-ago (as per Seller)
  • First floor roof was updated in 2020 (as per Seller)
  • Second floor roof updated in 2017 (as per Seller)
  • Sump pump was installed in 2021 (as per Seller)
  • Drilled well
  • Septic was last emptied in 2020 (as per Seller)
  • Large, detached garage
  • 2 driveways
    • 1 arched driveway (multiple exits/entrances)
    • 1 straight driveway
    • Space for 9+ cars
  • Deck was updated with heat shrinking water wrap around 2-years-ago (as per Seller)
  • Weeping tiles were updated in 2009 (as per Seller)
  • Large gardens:
    • Vegetable patch, apple trees, raspberry bushes, etc.
  • Large multi-season storage shed installed in 2020 (as per Seller)
  • Grandfathered in boathouse/covered dock
    • Cannot be replaced, only updated and repaired as needed (as per Seller)
  • Floating dock, boat launch, and fire pit on the property
  • Lot size: 182.6 ft x 238.55 ft
  • Site area: 1 acre (as per MPAC), 1.37 acres (as per Seller), 0.88 acres (as per Geowarehouse)
  • Zoning: RW-6 (see HERE)

Detached Unit (“Cabin”, as per MPAC)

  • 1 bedroom
  • 1 bathroom
  • Built in 1966
  • Above grade: 391 sq ft (as per MPAC)
  • No basement
  • Vaulted ceilings in main living room
  • Amazing views of the lake
  • Additional electrical panel (Buyer to verify)
  • HWT is owned and was installed prior to 2014 (as per Seller)
  • No central AC
  • Partial roof update completed 4-years-ago (as per Seller)
  • Separate storage and laundry area located just outside of entrance

PROPERTY NEEDS

  • Cosmetic updating in all units

 

Please click HERE for more pictures and information.

Price:
$790,000
Address:
Beadale Ln & Canning Rd
Severn Bridge, ON
Square Feet:
1648
Lot Size:
182.6 ft x 238.55 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1910
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location