$789,900
 $4,240 est/mo Sourced by Back At You

6-739 Concession 15 West , Tiny, ON L9M 0H7

Tiny, ON L9M 0H7

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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!

Details

MLS#40604510
Listing TypeFor Sale
StyleHouse
Suite Number6
Sub-TypeResale
StatusActive
Year2003
Days On Site44
Listing Provided ByRe/Max Hallmark Peggy Hill Group Realty Brokerage | Peggy Hill

Features

Bed(s)2
Bath(s) 2 Total
SQ Feet1,100
PoolYes
ZoningSC-84
Acreage3.03
Water FrontYes
Property ViewYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionSimcoe County
CityTiny
Postal CodeL9M 0H7
AreaTiny
SubareaTiny
Community NameTiny
Listing VS Median (in Tiny)
Price:
$789,900
low | high
Med:
$899,388
36.138941638182% of Average
SqFt:
1,100
low | high
Med:
1,828
16.181818181818% of Average
$ / SqFt:
$718
low | high
Med:
$514
78.417086119771% of Average
On Site:
44
low | high
Med:
46
95.652173913043% of Average
Sourced by Back At You
Listing Updated: July 14, 2024 at 3:17:11 AM PDT