Lakeside investment. Furnished and winterized five cottages on almost an acre lot at popular Turkey Point beach. Currently for summer vacational rental (with income $30000) but easily extended to whole year as winter heating is in place.
Great income potential and rare to find recreational property which is only two hours from Toronto or one hour from Hamilton.
Property Features
External Facing: Vinyl Siding
Garage: Detached, 2 car garage
Driveway Details: Gravel
Parking Spaces: 5
Exposure: None
Location Details: Close to All Services, Conservation area, No Backyard Neighbors, Water View, Steps to turkey Point beach
"The Land Transfer Tax in Norfolk, Ontario based on the selling price of $529,000.00 is $7,055.00."
* See the land transfer tax formula for Ontario
+ $0 to $55,000.00 - land transfer tax is 0.5% + $55,000.00 to $250,000.00 - land transfer tax is 1.0 + $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%
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