197 Eagle Road, Tobermory, Ontario
Perfect timing! Ontario has just announced that short term rentals will be permitted to operate beginning June 5th (TODAY)!
197 Eagle Road is a gorgeous detached lakefront cottage in the high demand tourist area of Tobermory, Ontario. This property currently operates as 2 separate short term rental units, and brought in upwards of $50,000 in gross income in the summer of 2019 alone. The entire property has 6 bedrooms and sleeps up to 16 people. You can view the Airbnb listings for both Unit 1 and Unit 2. The property also features a large detached garage, with the waterline ready to be hooked up – opportunity to convert the garage to a third rental unit for additional income! The owners received an appraisal on the property of $1,208,000 in 2018, which is available here. This is a great opportunity to purchase a beautiful short term rental or family cottage at a massive discount to market value!
- 2.5 Storey
- 167 ft x 492 ft Lot Size
- Total of 6 bedrooms and 5 bathrooms
- 2 Kitchens, 2 Laundry Rooms
- Large Detached Garage with potential to convert to a 3rd rental unit!
- New Furnace 2017 (Owned)
- Upgraded 2000L Septic Tank ($56,000)
- 50 foot dock
- All high end stainless steel appliances included!
- Arctic Spa Hot Tub Included
- All furniture, linens, kitchen utensils, kayaks INCLUDED! Ready to rent immediately!
- Much more upgrades and features – take a look at the pictures and Airbnb listings!