2442 HIGHWAY 520, Magnetawan, Ontario, P0A1C0

Property Description

An incredible opportunity awaits on the shores of Lake Cecebe! This versatile property offers a blend of residential comfort and commercial potential, making it an ideal investment for entrepreneurs, multi-family buyers, or those looking to create a thriving campground or cottage rental business. The 4-bedroom, 2-bath main home, set on just under 2 acres, features a separate entrance and an unspoiled basement currently used as a workshop. While the home requires some TLC, its spacious layout and prime location offer endless possibilities. The real highlight is the property's zoning approval for up to six cabins and multiple tent and trailer sites, complemented by two drilled wells, two septic systems, and 10 water hookups previously used for trailer connections. A private beach, dock, and direct lake frontage provide excellent swimming, boating, and fishing access, with over 40 miles of waterways to explore. Whether catering to fishing and ice fishing enthusiasts, ATV and snowmobile riders, or summer vacationers, the possibilities here are endless. Adding even more value, an additional lakefront lot across Highway 520 is included, enhancing your waterfront footprint. With convenient access from Hwy 11 and located in the picturesque Almaguin Highlands, this is a rare chance to own a prime waterfront investment just north of Muskoka. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 4 (4 above)
• Bathrooms: 2 (1 half)
• Ownership: Freehold
• Attached: No
• Parking: 10 spaces (No Garage)
• Frontage: 272 ft (83 m)

Costs

• Annual Taxes: $2,275.00

Listing Provided by: FAIR AGENT REALTY
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.