Waterfront cottage on scenic Gibson Lake, 2 hrs north of GTA. 2 Bedrooms, 1 Bath. This cottage is located on leased land on the Wahta First Nation Reserve. Leases - 25 yrs., current lease rate is $5,525 with 15 yrs. remaining with a renewable terms of 5 years. Lease increments approved by Indian Affairs. Picturesque tall pine trees, natural terrain, sloped lot to a cove and a sandy child-friendly beach. Gibson Lake, approx. 15 km in length has many interesting inlets providing great boating, canoeing and fishing. Great starter cottage, popular lake, with western exposure, offers an affordable cottage with evening views of beautiful sunsets. This cottage is located close to the water's edge and has a gradual incline for both grandparents and children. Interior surroundings are cozy and comfortable with modern kitchen cupboards, wood stove and a forced oil furnace for cooler evenings. The two bedrooms, provide ideal accommodation for a younger family or retirement retreat for an older couple. Possibility of constructing a guest cabin on the property for additional guests. Cottage, appliances and contents being sold in an "as is" condition, no warranties. Gibson Lake is a family friendly lake, w/summer activities by the Cottager's Assn. Desired location, 2 hrs. approx. from GTA.
Offers to state "Building improvements only - leased land" - Mohawk Wahta First Nations Reserve. Leases are legal documents, approved by Indian Affairs in Ottawa, managed/owned by leaseholders, 25 yr. lease, 5 yr term, w/approved increments of $325 per year. New lease $5525 annually.
PDF lease (18 pgs.) on line for realtor's/purchasers review. Qualified purchaser requires cash, private funds, or home equity to purchase this cottage - conventional mortgages unavailable through Bank. Wood stoves not "WETT" certified. All Offers to be irrevocable 72 hours.
Inclusions: Furniture,Microwave,Refrigerator,Smoke Detector,Stove,TV Tower/Antenna,Washer,Window Coverings,All Cottage Appliances, Furniture And Contents As Viewed.
50Listing by itso®
