Cottage for 739 Concession 15 West #6, Tiny Ontario L9M 0H7
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2 Days on Market

739 Concession 15 West #6, Tiny, Ontario L9M 0H7

$769,900
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Detached
2
2
~1100 sqft

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Highlights

Estimated Value$520,000*

Price/Sqft$699/sqft

Days On Market2 days

Est. Mortgage$3,306/mth

Tax Amount (2023)$1,022/yr

*Last updated on: 24/07/30

Description

A LUCRATIVE INVESTMENT OPPORTUNITY AWAITS! HIGH-DEMAND BEACHFRONT PROPERTY WITH STUNNING VIEWS! Welcome to 739 Concession 15 West #6. This property offers a potential gross income of $45-$60k per year and would make an excellent addition to your rental portfolio. Located less than 20 minutes from Midland, it offers easy access to shopping, just 40 minutes from Barrie, and under 2 hours from the GTA. With 258 feet of private beach, almost full occupancy projected for the upcoming 2024 summer season & a 5%+ cap rate, this property presents an attractive investment opportunity. Unlike other cottages restricted by local bylaws, this is one of the few with coveted rental rights. This property benefits from shoreline commercial zoning, allowing short-term rentals without a license. This exemption from licensing restrictions is the golden ticket for investors, ensuring a consistent and lucrative rental income stream. Tiny only permits 300 rental licenses annually, creating a highly competitive market where most property owners cannot capitalize on short-term rentals. The fully furnished 2 bedroom home accommodates up to 10 guests & features modern amenities, including a gas fireplace, newer appliances, and 2 walkouts to the expansive deck with water views. Resort amenities include a heated saltwater pool & shallow beach entrance. Maintenance fees cover most expenses, property taxes, gas heat, water, snow removal, satellite TV & the upkeep of the grounds & pool. Unlike timeshares or co-ops, this property offers actual ownership with the freedom to use it whenever you desire. Don’t miss the chance to own this unique and potentially profitable #HomeToStay!


Property Details

Style1.5 Storey
ViewLake, Trees/Woods
Age of property2003
SqFt~1100 SqFt
Lot Size47,593 Ac(184 x 258.66)
Parking Spaces3
MLS ®Number40627240
Community NameTiny
Data SourceITSO

Features

Heating: Fireplace-Gas, Forced Air, Natural Gas
Central Vacuum
Cooling: Central Air

Main Floor

Bedroom Primary

4.88 x 3.66

Bathroom

4-Piece

Kitchen

3.66 x 2.13

Dining Room

2.74 x 2.13


Features

Lot size: 47,593 Ac
Pool: In Ground
Septic Tank

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property History

Now
Listed for$769,900
2 days on market
history photo preview25
Jul 30, 2024
Listed for$789,900Terminated
49 days on market
history photo preview20
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Property listed by Re/Max Hallmark Peggy Hill Group Realty Brokerage, Brokerage
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