Otonabee-South Monaghan, ON K9J 6X7
Set on approximately 12 acres along the beautiful Otonabee River, this unique Tourism Commercial (TC) zoned property offers an incredible opportunity just 10 minutes from Peterborough and approximately 2 hours to the GTA. Featuring three separate cottages positioned side by side, this versatile waterfront property is ideal for multi-generational living, investors, short-term rental opportunities, or future tourism-based development.The main A-frame cottage is beautifully finished and offers 3 bedrooms, 2 bathrooms, an open-concept layout, newer shingles, a spacious deck, and hot tub overlooking the peaceful surroundings. The second cottage features 1 bedroom, 1 bathroom, and a durable metal roof, making it perfect for guests or rental income. The third cottage is designed with flexibility in mind, offering 5 bedrooms, 2 bathrooms, 2 kitchens, open-concept living spaces, separate entrances, covered deck, hot tub, propane furnace, and potential duplex capability.The property also includes a drywalled 3-bay garage with a metal roof, private boat launch, and endless possibilities for future growth. Tourism Commercial zoning opens the door to a wide range of permitted uses, including additional cottages, potential trailer park opportunities, and future primary or secondary dwelling development (buyer to complete their own due diligence).Whether you're looking to create a family compound, expand a hospitality business, or invest in a one-of-a-kind waterfront property with exceptional potential, this rare offering delivers space, flexibility, and opportunity in a highly desirable location. Turnkey. Everything included. Cottages are registered with AirBnb. Currently has $65K of bookings for summer season.
TRREB MLS® Attribution
MLS® X13108792
Listed by EXP REALTY
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$17,091
/month · $2,800,000 mortgage
Amortization
Total Interest
$2,327,288
Total Cost
$5,127,288
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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EXP REALTY