!!Waterfront Opportunity!! 2 Bungalows on a Double Lot Located on Gunter Lake!! Available

  • $550,000

Location, location, location!! Situated in the cottage heartland and directly on the waterfront of Gunter Lake, this property hosts 2 bungalow homes — the first bungalow offers 3 bedrooms and 1 bathroom, and the second bungalow offers 2 bedrooms and 1 bathroom. This tranquil property also offers lake views, a sunning/boat dock, as well as mature trees around the backyard, ample storage space, and a rustic outhouse. Belleville is only an hour away, and Bancroft is a quick, 25 minute drive away for access to supermarkets, craft shops and restaurants. This would make a fantastic retreat for anyone who enjoys getting away from the bustle of city life!! Although Gunter Lake is off the beaten path, it has so much to offer for a tranquil vacation or residence at any time of the year. A must-see and great value, with minimal renovations needed. Don’t miss out!!

We are selling our assignable purchase contract.

Closing is November 23rd, 2021
**As per our APS, the Seller can advance closing date 1 time, as early as 30 calendar days prior to the original closing date. The Seller must notify the Buyer in writing at least 21 calendar days before the new closing date, otherwise the transaction will close on the original closing date, as scheduled.**

PROPERTY FEATURES

House 1

  • 3 bedrooms
    • 2/3 bedrooms will require minor mud-and-tape, as well as new paint
  • 1 full bathroom + 1 outhouse
    • The outhouse is located at the back of the property
  • Built in 1956
  • Above grade: 912 sq ft (as per MPAC)
  • Crawl space:
    • Crawl space is accessed from outside of the property (see HERE)
    • Furnace and the HWT are both located in the crawl space
  • Flooring is a mix of hardwood and laminate throughout
  • Wood stove located in the living room is functional (as per Seller)
  • There is a designated laundry area being constructed for stackable units in the living room (will not be completed before closing, Buyer to finish) — see HERE, 2:38-2:51
  • 200 AMP breaker panel
    • Generator is connected to the panel
  • Propane furnace is less than 10-years-old (as per Seller)
  • HWT is owned (as per Seller)
  • No central AC
  • Windows are 15-years-old (as per Seller)
  • Roof is 14-years-old (as per Seller)
    • 1 skid/60 bundles of shingles will be included (Buyer to install)
  • Front deck spans the length of the property and is new (as per Seller)

House 2 

  • 2 bedrooms
  • 1 full bathroom
  • Above grade: ~1000 sq ft (as per Seller)
  • No basement or crawl space
  • Flooring is a mix of carpet and linoleum throughout
  • Wood stove located in the living room is functional (as per Seller)
  • Small water damage mark on the ceiling of the kitchen, from a previous leak in the roof (see HERE, 2:14-2:18)
    • There is no longer a leak in the roof, just the visible damage on the interior is remaining (as per Seller)
  • Additional 200 AMP breaker panel
  • Electric box heater
  • HWT is owned (as per Seller)
    • Both the HWT and water softener are accessed through a point in the kitchen wall (see HERE, 1:18-1:27)
  • Water softener is owned (as per Seller)
  • Window AC units
  • Roof is 14-years-old (as per Seller)
  • Enclosed, cedar porch
  • Large deck area
  • Attached garage, currently being utilized as a workshop (with sub-panel)
    • Exact amperage of the sub-panel is unknown (Buyer to verify)

ADDITIONAL PROPERTY FEATURES

  • All appliances will be included, as-is
    • 1 washer/dryer set will be excluded, however the other set will be staying
  • 2 separate drilled wells are located on the property
  • 2 separate septic tanks are located on the property (last emptied 5 years ago, as per Seller)
  • The property features multiple sheds that are currently being utilized as either workshops or storage (as per Seller)
  • Ample parking available on the property
  • Boat/swim dock in the lake
  • Lot size: (we believe the MPAC is missing the lot that the second bungalow is on) 
    • 50 ft x 308.84 ft (as per MPAC)
    • 151 ft x 317 ft (as per Seller’s Land Survey & Geowarehouse)
  • Site area: (we believe the MPAC is missing the lot that the second bungalow is on) 
    • 0.13 A (as per MPAC)
    • 1.70 A (as per Seller Survey)
  • Zoning: RR (as per MPAC)
    • Because this is a double lot, it may be possible to sever the lots, depending on the chosen exit strategy of the Investor. To learn more about the process of severing lots in this area, as well as what will be required, please click HERE.

PROPERTY NEEDS

  • Cosmetic updating of both houses

 

Please click HERE for more pictures and information.

Price:
$550,000
Address:
Gunter Lake Rd & Weslemkoon Lake Rd
Gilmour, ON
Lot Size:
151 ft x 317 ft
Terms:
Assignment of Contract
Property Type:
Other
Year Built:
1956
Basement:
Crawl Space

Call (647) 400-2093 for more details

Property Location