Salehian.com 647-325-5000

7 Silver Point Road 9

Seguin, Seguin, P2A 2W8

$399,000

Photo 1 of 50Photo 2 of 50Photo 3 of 50Photo 4 of 50Photo 5 of 50Photo 6 of 50Photo 7 of 50Photo 8 of 50Photo 9 of 50Photo 10 of 50Photo 11 of 50Photo 12 of 50Photo 13 of 50Photo 14 of 50Photo 15 of 50Photo 16 of 50Photo 17 of 50Photo 18 of 50Photo 19 of 50Photo 20 of 50Photo 21 of 50Photo 22 of 50Photo 23 of 50Photo 24 of 50Photo 25 of 50Photo 26 of 50Photo 27 of 50Photo 28 of 50Photo 29 of 50Photo 30 of 50Photo 31 of 50Photo 32 of 50Photo 33 of 50Photo 34 of 50Photo 35 of 50Photo 36 of 50Photo 37 of 50Photo 38 of 50Photo 39 of 50Photo 40 of 50Photo 41 of 50Photo 42 of 50Photo 43 of 50Photo 44 of 50Photo 45 of 50Photo 46 of 50Photo 47 of 50Photo 48 of 50Photo 49 of 50Photo 50 of 50
  • 2 bedrooms
  • 1 bathrooms
  • 2 parking
  • 700-1100 sq ft

Listed 75 days ago · MLS® X13647424

About this home

INCOME-PRODUCING WATERFRONT OPPORTUNITY ON BEAUTIFUL SILVER LAKE. This cottage presents a different approach to recreational real estate-combining year-round personal enjoyment with proven income potential. Ownership is structured through the purchase of shares in the corporation that owns the resort. Rather than taking on the full cost and responsibility of a traditional standalone cottage, owners share many of the major expenses and maintenance obligations through the cooperative structure. For Buyers who understand alternative real estate ownership, this offers a practical, lower-maintenance way to participate in waterfront property. Built in 2013, the well-maintained 2-bedroom, 1-bathroom cottage is suitable for year-round use and has an established rental history. Current rental income is approximately $24,000 annually, representing an approximate 6% gross yield based on the $400,000 asking price, with rental demand extending beyond the summer season. Monthly maintenance fees are $800mth and cover many of the significant ongoing ownership expenses, including property taxes, insurance, internet, cable, waste removal, landscaping, water, septic maintenance and care of the resort grounds. Professional management further reduces the day-to-day responsibilities typically associated with cottage and short-term rental ownership. When you're using the property yourself, the setting delivers everything you would expect, including a sandy shoreline, private dock, direct lake access, swimming, boating and four-season recreation. For an investor, entrepreneur or recreational-property buyer looking beyond the conventional cottage model, this is an opportunity to acquire an interest in an established waterfront resort community with a proven rental history, year-round income potential and significantly reduced maintenance responsibilities. ANNUAL INCOME | YEAR-ROUND USE | COOPERATIVE OWNERSHIP | PROFESSIONALLY MANAGED

Details

Type
Detached
Style
Bungalow
Age
51-99 years
Size
700-1100 sq ft
Lot
310 × 1020 ft
Basement
None
Garage
None
Kitchens
1
Property tax
$6,380 (2026)
Neighbourhood
Seguin
Municipality
Seguin
Price per sq ft
$443 (26% below detached houses in Seguin, $600)

Interior

Bedrooms
2 above ground
Bathrooms
1 × 4-piece (main)
Rooms
6 above ground
Family room or den
No
Fireplace
Living Room, Propane
Features
Primary Bedroom - Main Floor, Water Heater

Heating, cooling and services

Heating
Propane
Water and sewer
Septic

Building and exterior

Style
Bungalow
Exterior
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete Block
Age
51-99 years
Faces
South
Outdoor
Deck, Porch, Recreational Area, Seasonal Living, Year Round Living
Waterfront
Direct

Parking

Total parking
2

Lot

Size
310 × 1020 ft (irregular)
Acreage
2-4.99

More

Possession
Negotiable
Nearby
Beach, Lake Access, Park, Waterfront
Cross street
Portage Lake Road

Rooms

RoomLevelSizeFeatures
Living RoomMain4.69 × 3.8 m (15'5" × 12'6")
KitchenMain2.46 × 3.31 m (8'1" × 10'10")
Dining RoomMain2.23 × 3.31 m (7'4" × 10'10")
BathroomMain2.23 × 2.25 m (7'4" × 7'5")4 Pc Bath
BedroomMain2.98 × 4.43 m (9'9" × 14'6")
Primary BedroomMain3.53 × 3.17 m (11'7" × 10'5")

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 0 parks.

Who lives here postal area P2A

Owners / renters
76% / 24%
Median household income
$73,500
Average age
49
Children under 15
12%
Homes
75% detached, 3% high-rise
Commute by transit
0%
Population
14,695

Languages spoken most at home besides English: Malayalam 0.1%, German 0.1%, Gujarati 0.1%, Ojibway 0.1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage Team Advantage Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Similar homes nearby

See more in Seguin