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1 of 50 - 1087 Island View Drive, Otonabee-South Monaghan, Ontario
2 of 50 - 1087 Island View Drive, Otonabee-South Monaghan, Ontario
3 of 50 - 1087 Island View Drive, Otonabee-South Monaghan, Ontario
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50 of 50 - 1087 Island View Drive, Otonabee-South Monaghan, Ontario
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1087 Island View Drive

Otonabee-South Monaghan, Ontario Rice Lake

$2,277,000

7

Beds

5

Baths

About 1087 Island View Drive

This is an income generating property with so much room for growth. The biggest part of your yearly income is a few days away. Spring boat launching. Welcome to your own future. A place to live and a place to build a future. Owned waterfront out to the waters edge and lease out into the water 250 ft. from Parks Canada. This long well-established marina on Rice Lake Trent waterway System on 1.2 acres is so under-utilized. Approx. 1 acre leased from Parks Canada under the water taxed separately. More than 110 boat slips with room to expand is completely full servicing Cow and Long Island property owners. There are no unrented boat slips available at this time. 2-1-bedroom apartments, 1-2 bedroom and 1-3 bedroom (owners' residence) with stunning views over the docks and the waterfront. 3 shops under approx. 6000 sq. ft. of roof (roof would be perfect for solar panel income), part of that large space is high and heated. Large retail store, Marine fuel sales with TSSA inspected above ground fuel tank, propane tank exchange service. Room to increase revenue with marina service, boat shrink wrap, water tax out to the islands, includes small construction barge with hoist, $15 boat launch fee, outdoor washrooms. Loads of upgrades. Only 45 mins to Oshawa, $15 mins to Peterborough, 20 mins to 407. Deeded parking to Cow Island Residents behind the marina. The owner shuts down for the winter but could stay open all winter to sell fuel to snowmobilers, operate a store perhaps a hot snack bar to the numerous ice fishermen who fish right out front. The shops could be used or rented to marine mechanic; marine upholstery shop the 3rd large high heated shop with auto hoist and other mechanical equipment could be leased to a mechanic. All of those uses are needed in the area. More boat slips are also needed, if the buyer chose to construct. Offer to be done on a commercial offer form. HST to be self-assessed by the Buyer. (id:6289)

Features of 1087 Island View Drive

Listing # X11955958
Price $2,277,000
Bedrooms 7
Bathrooms 5
Half Baths 1
Acres 0.00
Type Single Family
Sub-Type Freehold
Style Raised bungalow
Status Active

Community Information

Address 1087 Island View Drive
Subdivision Rural Otonabee-South Monaghan
City Otonabee-South Monaghan
Province Ontario
Postal Code K0L1B0

Amenities

Amenities Marina
Utilities Wireless, Electricity Connected, Telephone
Features Flat site, In-Law Suite
Parking Spaces 50
Parking Detached Garage, Inside Entry
# of Garages 1
View Lake view, View of water, Direct Water View
Is Waterfront Yes
Has Pool No
Waterfront Rice Lake
Waterfront Type Waterfront

Interior

Heating Oil Forced air
Cooling Central air conditioning
Fireplace No
# of Stories 1
Has Basement No

Exterior

Exterior Concrete, Vinyl siding
Lot Description 223.96 x 199.28 FT|1/2 - 1.99 acres
Foundation Block

Listing Details

OfficeRE/MAX JAZZ INC.

Listing Map