


This 2-bedroom, 1-bathroom recreational in Lee Creek offers a 0.08 ac lot. Built in 2008, 1 storey. The property has lot dimensions of 0.08. The home features forced air heating. Highlights include a 2-car garage. Monthly condo fee of $699.89.
Investor alert! Perched on a premium, south-facing, water view lot in the heart of Gateway Lakeview Resort in Lee Creek, this unfinished, 2008 built, 3-level cottage with huge basement-level tandem garage, could be the perfect opportunity to pick up some huge equity! This home is at lock-up stage with electrical & plumbing already roughed in and insulation in the walls, a solid start to a cozy cottage! Come and take a look at this diamond in the rough to see if it fits your ability to complete the project. Your gain in equity could far outweigh the effort that you put in. This gated community is open year-round, allowing all to enjoy a myriad of year-round recreational activities in all four seasons. Private Lake access features a large beach area with a daytime dock. Zoning allows for 182 days of usage per year. Rent this cottage out to easily recoup the monthly fee of $699.89 and then enjoy the rest of the time yourself. With every new property sold, the HOA fee will be reduced and that will be reflected in future annual budgets. Undivided Interest properties are typically an ‘all cash’ purchase but here, the Seller will lend any qualified buyer a mortgage at competitive rates with a minimum 25% down payment! It does not get any better than this for the money! On top of that, the Buyer will receive a Buyer credit from the developer on closing in the amount of $4200 to combat those fees for 6 months. Gather more information & book your appointment today to view the site! (id:60351)
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Listed by Kent Redekop, Riley & Associates Realty Ltd.
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Listing represented by Kent Redekop, Riley & Associates Realty Ltd. · MLS# 10369789
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.