$399,000
Est. payment $1,767/moCalculate yours
7 Silver Point Road 9, Seguin, ON P2A 2W8
Seguin, Seguin, ON P2A 2W8
- 2 Beds
- 1 Baths
- 700 Sq Ft
Listing courtesy of Royal LePage Team Advantage Realty MLS® X13647424
About this home
INCOME-PRODUCING WATERFRONT OPPORTUNITY ON BEAUTIFUL SILVER LAKE. This cottage presents a different approach to recreational real estate-combining year-round personal enjoyment with proven income potential. Ownership is structured through the purchase of shares in the corporation that owns the resort. Rather than taking on the full cost and responsibility of a traditional standalone cottage, owners share many of the major expenses and maintenance obligations through the cooperative structure. For Buyers who understand alternative real estate ownership, this offers a practical, lower-maintenance way to participate in waterfront property. Built in 2013, the well-maintained 2-bedroom, 1-bathroom cottage is suitable for year-round use and has an established rental history. Current rental income is approximately $24,000 annually, representing an approximate 6% gross yield based on the $400,000 asking price, with rental demand extending beyond the summer season. Monthly maintenance fees are $800mth and cover many of the significant ongoing ownership expenses, including property taxes, insurance, internet, cable, waste removal, landscaping, water, septic maintenance and care of the resort grounds. Professional management further reduces the day-to-day responsibilities typically associated with cottage and short-term rental ownership. When you’re using the property yourself, the setting delivers everything you would expect, including a sandy shoreline, private dock, direct lake access, swimming, boating and four-season recreation. For an investor, entrepreneur or recreational-property buyer looking beyond the conventional cottage model, this is an opportunity to acquire an interest in an established waterfront resort community with a proven rental history, year-round income potential and significantly reduced maintenance responsibilities. ANNUAL INCOME | YEAR-ROUND USE | COOPERATIVE OWNERSHIP | PROFESSIONALLY MANAGED
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Other (Propane)
- Cooling
- Other
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 310 x 1020 Feet
- Parking
- None garage · 2 total
- Zoning
- RR
Financial
- Property Taxes
- $6,380 (2026)
Location
- Neighbourhood
- Seguin
- Cross Street
- Portage Lake Road
- Direction Faces
- South
Listing
- MLS® Number
- X13647424
- Days on Market
- 73
- Listed On
- 2026-08-06
- Possession
- Negotiable
- Listed By
- Royal LePage Team Advantage Realty
Rooms
Features
Interior
- Primary Bedroom - Main Floor
- Water Heater
Property
- Beach
- Lake Access
- Park
- Waterfront
Pool
- None
- Included
- Buyer assumes any and all chattels that remain in the said property.
- Excluded
- Personal items.
- Rental items
- Propane tank
Mortgage calculator
Estimated mortgage payment
$1,767 per month
- Principal and interest
- $1,767
- Property tax
- $532
- Condo fees
- $0
- Estimated monthly cost
- $2,298
Your mortgage
- Mortgage amount
- $319,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $210,806
Cash to close
- Down payment
- $79,800
- Land transfer tax
- $4,460
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $84,260
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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