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GARRY BASSAN

buysellgarrybassan@gmail.com +1(647) 285-5790

$ 2,290,000

Est. payment -/mo

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Active

461 The Ridge RD Wollaston, ON K0L 1P0

8 Baths

2 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Wollaston

MLS Listing ID X12032061

Style Other

Building Age 31-50

Annual Tax Amount $9,634

Tax Year 2024

Lot Size 2.000 Acres

Property Sub-Type Detached

Property Description

An exceptional waterfront property on Wollaston Lake that I believe presents a unique and compelling opportunity. This property boasts 530 feet of stunning shoreline and offers breathtaking, world-class sunsets.The main residence is quite substantial, featuring eight self-contained units with the capacity to comfortably host up to 25 guests. It includes a total of nine bathrooms and a main floor laundry for added convenience. Over the past three years, the property has undergone significant updates, including new flooring in many units, renovated bathrooms, a recently installed 25KW automated generator, updated window coverings, a new propane furnace, pot lights, new security cameras, a comprehensive water filtration system, and new water pumps. The property has already demonstrated strong rental income growth, with approximately $150,000 in bookings scheduled for the 2025 season, indicating its immediate income-generating potential.In addition to the main house, there is a charming, self-contained two-bedroom, one-bathroom cottage with its own private shoreline, offering a sense of privacy ideal for extended family or additional rental income. Furthermore, right at the water's edge, you'll find a beautiful two-storey wet slip double boathouse. This impressive structure includes a large second-storey flex room, a versatile space perfect for events, a yoga studio, or a games room. The superior construction quality is evident throughout all the buildings on the property.Beyond the existing structures, there is also additional land across the road with potential for future development, offering exciting possibilities for expansion or further investment. Approximately 2.5 hours from the GTA and Ottawa, this property offers tremendous value due to its unique features, income potential, and future possibilities.

Location

Province ON

County Hastings

Community Wollaston

Area Hastings

Rooms

Family Room Yes

Basement Full

Kitchen 0

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Oil

Exterior

Exterior Feature Deck, Privacy

Parking Features Private

Pool None

Waterfront Description Direct

View Lake

Roof Type Tile

Road Frontage Year Round Municipal Road

Lot Frontage 529.0

Lot Depth 80.0

Total Parking Spaces 8

Building

Lot Description Irregular Lot

Unit Features Fenced Yard,Library,Place Of Worship,Rec./Commun.Centre,School,School Bus Route

Foundation Concrete

New Construction false

Others

Security Features Alarm System

Listed by BALL REAL ESTATE INC.

GARRY BASSAN

Sales Representative | License ID: 5006208

+1(647) 285-5790

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