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Max Ortoli

[email protected] +1(416) 398-1111

$ 1,999,999

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Price Dropped by $277K

1087 Island View DR Otonabee-south Monaghan, ON K0L 1B0

7 Beds

5 Baths

0.5 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Rural Otonabee-South Monaghan

MLS Listing ID X11955958

Style Bungalow-Raised

Bedrooms 7

Annual Tax Amount $6,291

Tax Year 2024

Lot Size 0.500 Acres

Property Sub-Type Detached

Property Description

TRhe docks are soon going in. The beginning of another busy summer at this 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.

Location

State ON

County Peterborough

Community Rural Otonabee-South Monaghan

Area Peterborough

Zoning C T Commercial

Body of Water Rice Lake

Rooms

Family Room No

Basement Unfinished

Kitchen 4

Interior

Interior Features In-Law Suite

Cooling Central Air

Exterior

Exterior Feature Deck, Fishing, Security Gate, Year Round Living

Parking Features Front Yard Parking, Inside Entry, Reserved/Assigned

Garage Spaces 10.0

Pool None

Waterfront Description Boat Slip,Dock,Trent System

View Bay, Lake, Marina, Panoramic, Water

Roof Type Asphalt Shingle,Metal

Road Frontage Year Round Municipal Road

Lot Frontage 223.96

Lot Depth 199.28

Total Parking Spaces 50

Building

Foundation Block

Sewer Drain Back System

Others

ParcelsYN No

Listed by RE/MAX JAZZ INC.

Max Ortoli

+1(416) 398-1111

Max Ortoli

1087 Island View DR Otonabee-south Monaghan, ON K0L 1B0

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1087 Island View DR