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$199,000 total
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Asset Class
Specialty
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
89%
Year Built
1996
Location, land and opportunity! Situated on 1.14 acres in the desirable George’s Lake area, this four season cottage style home offers a rare opportunity along sought after Beaver Pond Road. Surrounded by mature trees, the property offers privacy, beautiful lake views and plenty of potential. The real value is in the land and location, with an existing cottage as an added bonus! The cottage features two good sized bedrooms, a spacious living room with wood stove, kitchen and dining area. Natural wood finishes, built in cabinetry and a vaulted ceiling in one bedroom add character. A spiral staircase leads to a large lower level workshop with double doors providing backyard access. A highlight is the enclosed sunroom with panoramic views of George’s Lake and the surrounding hills. A wonderful place to relax and enjoy the scenery! The 1.14 acre lot offers excellent potential. The lower portion toward the water is relatively flat with a gentle slope and has been largely cleared. The owners had plans to build a new cottage closer to the water, offering possibilities for a future build, subject to approvals. One neighbouring cottage is not visible from the property, while the opposite side includes a firebreak and land understood to remain undeveloped. The existing cottage is livable but requires repairs and updating. Additional siding is included for future exterior improvements. The value is primarily in the land and desirable location, with a cottage to enjoy while planning your next steps. With winter approaching, George’s Lake is a favourite for snowmobiling enthusiasts! Enjoy the winter recreation and return to the warmth of the wood stove. Whether seeking a getaway, renovation project or future building location, this property offers an opportunity to enjoy the George’s Lake lifestyle! (id:66811)
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Monthly debt service
$919
Projected NOI
$12K
Annual cash flow
$879
Cash-on-cash
1.47%
DSCR
1.08
Going-in cap
5.98%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
114,193
Households
51,616
Median income
$129,000
Median age
37.8
Daytime population
173,632
5-yr growth
4.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 45 Beaver Road, Georges Lake.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.