739 Concession 15 W

Unit 6

Tiny | Rural Tiny | L9M 0H7
  • 2
  • 2
  • 0

$769,900

Est. Mtg $2,610 /mo
  • Days on market

    73

  • Status

    New

Listing Broker RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Since listed: 0 views

Home details

MLS #:

S9232354

Property type:
Other
Style:
Other
Taxes:
$1,022
Possession:
Pref. Closing
Locker:
None
View:
W
Maintenance:
$635
Management:
.
SQFT:
1000-1199

Description


739 Concession 15 W, 6, Tiny, Ontario is a Other property in Tiny and in the Rural Tiny community in the L9M 0H7 postal code


A LUCRATIVE INVESTMENT OPPORTUNITY AWAITS! HIGH-DEMAND BEACHFRONT PROPERTY WITH STUNNING VIEWS! Welcome to 739 Concession 15 West #6. This property offers a potential gross income of $45-$60k per year and would make an excellent addition to your rental portfolio. Located less than 20 minutes from Midland, it offers easy access to shopping, just 40 minutes from Barrie, and under 2 hours from the GTA. With 258 feet of private beach, almost full occupancy projected for the upcoming 2024 summer season & a 5%+ cap rate, this property presents an attractive investment opportunity. Unlike other cottages restricted by local bylaws, this is one of the few with coveted rental rights. This property benefits from shoreline commercial zoning, allowing short-term rentals without a license. This exemption from licensing restrictions is the golden ticket for investors, ensuring a consistent and lucrative rental income stream. Tiny only permits 300 rental licenses annually, creating a highly competitive market where most property owners cannot capitalize on short-term rentals. The fully furnished 2 bedroom home accommodates up to 10 guests & features modern amenities, including a gas fireplace, newer appliances, and 2 walkouts to the expansive deck with water views. Resort amenities include a heated saltwater pool & shallow beach entrance. Maintenance fees cover most expenses, property taxes, gas heat, water, snow removal, satellite TV & the upkeep of the grounds & pool. Unlike timeshares or co-ops, this property offers actual ownership with the freedom to use it whenever you desire. Don't miss the chance to own this unique and potentially profitable #HomeToStay!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-07 2024-10 $769,900 $769,900 New S9232354
2024-06 2024-07 $789,900 $789,900 Ter S8429752
2024-02 2024-06 $789,900 $789,900 Ter S8086394

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Tiny :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 739 Concession 15 W - 6

Based on available 3rd party data

$3465

Approximate costs per month

Mortgage
$2610 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$85 p/m
Maintenance
$635 p/m

Amenities:

  • Bbqs Allowed
  • Outdoor Pool
  • Visitor Parking

Features:

  • Beach
  • Campground
  • Golf
  • Lake/Pond
  • Park
  • School
Listing Broker RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Data Source: TRREB

Payment calculator

$3330 monthly. In association with: TD Bank
%
  • Principal and Interest
    2610 /mo
  • Property Taxes
    $85 /mo
  • Yearly Condo Fees
    $635

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Emmalay Rattana, Realtor

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