1028 Hillcrest Lane
Algonquin Highlands, Ontario K0M1J2

5 beds · 2 baths · 1675 sqft

Rare opportunity to purchase 2, side by side, lakefront cottages at 1 price! The perfect set up if you are looking to purchase with family/friends, looking for a great airbnb/investment opp, or enjoy entertaining but enjoy having your own space. 156 ft of beautiful, clean, deep water, shoreline, flat to gently sloping 0.62 ac lot, with the cottages on either side being set back, bestowing good privacy & a lot of flat usable space by the lake from which to enjoy the gorgeous, big lake The cottages sit very close to the lake, which allows for easy lake access for those of all ages/mobilities & gives you the sense of living right on the water. Something that current building regulations, unless grandfathered, no longer allow. One of the cottages has been completely renovated in the past few yrs It has a heat pump for heating & cooling, an open floor plan with gorgeous hardwood floors in the living/dining area, vaulted ceilings throughout, 2 spacious bdrms, a 3 pc bath with laundry, a screened in room & large lakeside deck. The other was fully re-insulated a few yrs ago, has been partially renovated & also has an open living floor plan with beautiful hard wood flooring & vaulted ceilings throughout. It has 3 bdrms, a 4 pc bath, lakeside deck, & baseboard heating & pellet stove. Both just need winter water for year round use. There is ample parking for everyone, with easy 4 season access & is centrally located within cottage country on the shores of coveted Halls Lake; a good sized, clean & very deep, boating lake located in the beautiful Algonquin Highlands. 10 min to Carnarvon which has numerous dining options & some basic amenities, 20-25 min to either Minden, Haliburton or Dorset for more extensive amenities, 45-50 min to Huntsville & Bracebridge, 1 hr to Algonquin Park & 2.5 hrs to the GTA! Has a high season rental potential of approx $2,500/wk per cottage. Interest rates a concern? No need as seller willing to do VTB mortgage at a preferred rate! (id:39198)

Facts & Features

Building Type House, Detached

Year built 1967

Square Footage 1675 sqft

Stories 1

Bedrooms 5

Bathrooms 2

Parking 6

NeighbourhoodStanhope

Land size 0.62 ac|1/2 - 1.99 acres

Heating type Baseboard heaters, Heat Pump

Basement type

Parking Type

Time on REALTOR.ca20 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: Chestnut Park Real Estate Ltd., Brokerage, Haliburton

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Home price

$974,000

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$8,860 / month

Rent $7,835

Savings $1,025

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$7,808 / month

Rent $7,595

Savings $213

Initial deposit 5%

Savings target Fixed at 5%