130k Undervalued Waterfront Cottage in Noelville Assigned

  • $320,000
  • 2 beds
  • 1 baths
Assigned

This is an amazing opportunity to purchase the perfect waterfront cottage with unlimited potential, boasting a frontage of 161ft with gorgeous waterfront views on Trout Lake. With an extremely large detached shed/garage and detached Bunkie, investors or end-users can find creative ways turn this to a one of a kind unique cottage. Don’t miss your opportunity to own a rare waterfront cottage to BRRRR, flip, Airbnb or even renovate for personal use.

 

This is a rare opportunity to purchase a 161ft frontage waterfront cottage with extraordinarily large upside and potential.

This waterfront cottage is located in Noelville, backing against Trout Lake. The cottage is located on in a gorgeous rural and quiet area, perfect as a getaway escape from the city. Lafreniere Road has a stretch of other cottages as well; however, the large frontage between each cottage allows for peaceful privacy for each homeowner. This would be perfect for end use, Airbnb rental, fix-and-flip, and even a very strong BRRRR potential. It is extremely rare to find a waterfront cottage with very large forced appreciation upside in today’s market.

The property has 3 detached structures- a Bunkie, large garage, and main living area with an unfinished basement that allows for ample storage. The interior of the property is open concept and has a beautiful country aesthetic with accent stone walls and weathered woods- creating a warm/welcoming feeling which is very much in line with the cottages selling around this area. Some cosmetic updates can be made in the property- namely the kitchen, washroom, and light fixtures to really maximize the value of the property. There is potential to finish the Bunkie to accommodate additional guests (~2 or 3 guests). There is noticeable some moisture/water in particular areas of the basement wall- further investigation required.

Almost all comparable waterfront properties in this area over the past 360 days have sold for over 650k+. A cottage on the same road in the 800 block sold for $845,000 with a smaller lot size and also similar finishing in the interior.

The market for rural cottage homes have been on fire over the past year and a half with no signs on slowing down. This is your chance to get your hands on a significantly discounted cottage with no constant bidding wars!

 

Price:
$320,000
Address:
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call 647-933-5598 for more details