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Spectacular Four Seasons Cottage

Location  Ontario,Canada
Asking Price Range  $500K - $1.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1998
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Description  Spectacular custom designed four seasons cottage built in 1990 on Mermaid Island on Georgian Bay, Honey Harbour, 1.5 hr north of Toronto. 3/4 acre well treed lot with 207 ft of shoreline with small sandy beach and gorgeous rock wall. 1850 sf of deck sorrounding the house and 800 sf at the lakeshore. Off the lower deck is deep-water dockage with shore power and water. Southern exposure allowing for plentiful sunlight all year. 3 bedrooms and 2 bathrooms. 2,128 sf of total living space. The interior is mostly pine with plastered accent wall in the gallery. Both bathrooms are in tongue and groove cedar. New roof in 2007. Water system is heated for year round use with automatic chlorination and charcoal filtration system. New submersible pump and pressure tank in 2006. Oversize septic system installed in 1990. Available are debentures for a private marina within five minutes of the property. This is a very desirable marina and provides the member with assured mainland access at reasonable rates. Property value from a replacement cost view. Assuming $275 per sf estimate verified as reasonable rate by local contractors and insurance companies. Decking $20-25 per sf was quoted. Building, 2128 sq ft at 275/ft = 585,200 Decks, 1,850 sq ft at 22/ft= 40,700 Dock 20,000 Retaining Wall 15,000 Septic 12,000 Furnishings 20,000 Lot 200,000 Total 892,900 Property taxes $3,500, Asking price $599,900 negotiable. See it at ongeorgianbay.ca/listings/067 or real-estate-ontario.ca/Listing/ViewListingDetails.aspx?ListingID=4139550 Andrew Sobczak Broker of Record On Georgian Bay Real Estate Inc. Real Estate Brokerage RR2, PO Box 174, Victoria Harbour, ON L0K 2A0 phone 705 543 1341
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