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$859,000
Available - For Sale
Listing ID: X12037517
Dual-Dwelling Retreat with Airbnb Potential in Mindemoya. Nestled on over 2 acres of serene land, this exceptional property features two detached homes, offering a unique blend of charm, comfort, and income potential. Just a 5-minute stroll from the beach and park, the main hone is a beautifully converted log house, showcasing rustic character with modern updates. It features three cozy bedrooms, a well-equipped kitchen, and a stunning hardwood staircase that adds vintage appeal.The second hone, built in 2022, boasts new appliances and modern amenities, providing a turnkey opportunity for comfortable living or short-term rental incone. With the potential to operate one home as an Airbnb, you could offset mortgage costs while enjoying this tranquil retreat. The expansive front yard accommodates parking for up to eight vehicles, making it ideal for gatherings. With no neighboring homes behind, privacy is assured, enhancing the appeal of this peaceful getaway. Main house (marked as House 2 in pictures) was built more than 70 years ago (Was converted from log house). Whether you're seeking a serene escape or a savvy investment, this rare find delivers on both fronts.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $847,500 $1,695,000 $2,542,500 $3,390,000
First Mortgage $16,102,500 $15,255,000 $14,407,500 $13,560,000
CMHC/GE $442,818.75 $305,100 $252,131.25 $0
Total Financing $16,545,318.75 $15,560,100 $14,659,631.25 $13,560,000
Monthly P&I $70,862.32 $66,642.7 $62,786.06 $58,076.43
Expenses $0 $0 $0 $0
Total Payment $70,862.32 $66,642.7 $62,786.06 $58,076.43
Income Required $2,657,336.91 $2,499,101.32 $2,354,477.41 $2,177,866.08

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMELIFE MAPLE LEAF REALTY LTD.

219 Hill Road , Central Manitoulin, P0P 1S0, Manitoulin

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Manitoulin
Municipality: Central Manitoulin
Neighbourhood: Dufferin Grove
Style: Bungalow
Lot Size: x 224.00(Feet)
Approximate Age: 0-5
Tax: $3,697
Maintenance Fee: $0
Beds: 4
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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