50% of Island/cottage and boat for sale
Description : 02 Apr, 2023
This is your opportunity to buy a 50% share of an established 3-season cottage property approximately one hour from Ottawa. It is an entire island located on Big Rideau Lake, with a main cottage and four additional outbuildings, completely and tastefully furnished. It is off-grid, using bination of propane, solar and gas-powered generator for energy requirements (details below). The property is accessible only by boat. It is approximately a 5-10 minute boat ride from Portland, ON. The property was valued at $600,000 by a local realtor in October 2022. Prospective buyers are e to have the property value assessed at their own expense. Price Information • Sale price $300,000 for a 50% share of the property • Annual property taxes: 50% share is $1,584 annually Buildings on the Island (Total of 5) Main cabin • Master bedroom with queen bed and small wood stove • Living room with 2 couches (one a futon style) and a wood-burning fireplace • Kitchen: propane stove & propane fridge with freezer—about 1⁄2 the capacity of a normal household fridge—running lake water (not potable), water cooler with drinking water; fully equipped with pots, dishes, cutlery, etc. • Dining area 3 Bunkies • #1: 2 x twin beds (side by side) – with storage shed on the back of the building • #2: 2 x twin beds (over/under bunks) • #3: Currently being used for storage Bathroom (separate cabin) • Flush toilet • Sink with running lake water (not potable) Energy Details Property is off-grid – there are propane lights, fridge and stove in the main cabin and a propane radiator in one of the bunkies. There are multiple solar panels feeding batteries to run the water pump and for charging phones, computers, etc. There is a gas-powered generator for any other / bigger power needs. Handheld lanterns and flashlights are also part of nightly routines. Waterfront and Lake Information In 2022, the dock pletely rebuilt Boat Info: 2013 Princecraft Ventura 194 • Price for 50% share: $17,500 (valued at $35,000) • 19-foot deck boat with 150 HP Mercury outboard with low hours • Flexible for cruising, fishing (including live well), water sports (e.g., waterskiing, tubing) • Serviced and stored at Len’s Cove Marina in Portland Contact me for full PDF with lots of pictures
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