0 Beds 8 Bath

461 The Ridge Road, Wollaston, ON K0L 1P0

Wollaston K0L 1P0 Ontario

MLS: X12032061

$2,290,000

Added 18 days ago | For Sale

Listed by: BALL REAL ESTATE INC.

About Property

An exceptional waterfront property on Wollaston Lake that I believe presents a unique and compelling opportunity. This property boasts 530 feet of stunning shoreline and offers breathtaking, world-class sunsets.The main residence is quite substantial, featuring eight self-contained units with the capacity to comfortably host up to 25 guests. It includes a total of nine bathrooms and a main floor laundry for added convenience. Over the past three years, the property has undergone significant updates, including new flooring in many units, renovated bathrooms, a recently installed 25KW automated generator, updated window coverings, a new propane furnace, pot lights, new security cameras, a comprehensive water filtration system, and new water pumps. The property has already demonstrated strong rental income growth, with approximately $150,000 in bookings scheduled for the 2025 season, indicating its immediate income-generating potential.In addition to the main house, there is a charming, self-contained two-bedroom, one-bathroom cottage with its own private shoreline, offering a sense of privacy ideal for extended family or additional rental income. Furthermore, right at the water's edge, you'll find a beautiful two-storey wet slip double boathouse. This impressive structure includes a large second-storey flex room, a versatile space perfect for events, a yoga studio, or a games room. The superior construction quality is evident throughout all the buildings on the property.Beyond the existing structures, there is also additional land across the road with potential for future development, offering exciting possibilities for expansion or further investment. Approximately 2.5 hours from the GTA and Ottawa, this property offers tremendous value due to its unique features, income potential, and future possibilities.

Features

  • House Style:Detached
  • Bathrooms:8
  • Land Size: 529 X 80
  • Water:Well
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Oil
  • Cross Street:The Ridge Road South to #461.
  • Basement:Full , Full
  • Possession Date:Flexible
  • Annual Property taxes: $9634
  • Bedrooms:0
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12032061

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No property rooms available.

About Agent
Harpreet Singh
REALTOR®
(647) 825-3131 [email protected]
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