461 The Ridge Rd

For Sale 173 Days
$2,290,000
9 beds
8 baths

461 The Ridge Rd

For Sale 173 Days
$2,290,000
9 beds
8 baths

Highlights

Key insights

Description

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. (id:55581)

JIM ALEXANDER of BALL REAL ESTATE INC.,
#X12032061
updated 2 months ago.
Houseful checked MLS® for data 2 months ago.

Home overview

Amenities / Utilities
  • Heat source
    Oil
  • Heat type
    Forced air
  • Sewer/ septic
    Septic system
Exterior
  • Fencing
    Fenced yard
  • # parking spaces
    8
Interior
  • # full baths
    6
  • # half baths
    2
  • # total bathrooms
    8.0
  • # of above grade bedrooms
    9
Location
  • Community features
    Community centre, school bus
  • Subdivision
    Wollaston
  • View
    Lake view, direct water view
  • Directions
    2198662
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12032061
  • Property sub type
    Single family residence
  • Status
    Active
Rooms Information metric
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
  • Bathroom
    Measurements not available
    Level: Other
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28052421/461-the-ridge-road-wollaston-wollaston
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-6,107

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25 Years fixed, 20% down payment, % interest
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