461 The Ridge RD Active Save Request In-Person Tour Request Virtual Tour
Wollaston,ON K0L 1P0
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
Kitchen 0
Interior
Cooling None
Exterior
Exterior Feature Deck,Privacy
Parking Features Private
Pool None
Waterfront Description Direct
View Lake
Roof Type Tile
Building
Lot Description Irregular Lot
Foundation Concrete
New Construction false