🔥 1 Acre Waterfront Cottage Only $299K. 38% BELOW Apprised Value, $300K Spread!! Available

Who wants a waterfront cottage for under $300K?

This cottage was appraised in December for $480K. You have the chance to purchase it at only $299K, that’s 38% off market price!! You could buy, then immediately re-list and get paid well for your carrying costs. Located a little south of Barry’s Bay, this property gives buyers 230ft of waterfront, sandy beaches, and over an acre of space!

Just imagine heading North for the summer, working away on your next flip, and jumping in the lake while taking a break! There are no true ARV sales in the area, but even dated, rustic cottages are consistently selling over $500K. Put in the work and this property could offer well over a $300K spread!

How can you profit?
1) Family Cottage – With a closing in June, this is your chance to get a cottage you can enjoy this summer!  With sandy beaches, over 200ft of waterfront, and over an acre to enjoy this could be your ultimate summer getaway. It just needs a little TLC to fix it up and make it your own!

2)Flip / Wholetail –For a cottage, many buyers are ok with rustic. Update some key futures and sell in an area where dated cottages are selling well over $500K and properly renovated you could sell over $600K!

3) Realtors Bring Your Clients – This one’s for buyers who want a family cottage, or waterfront project at a HUGE discount. At $299K your only competition is vacant land that hasn’t even been cleared! 2.5% co-op included

SUMMARY:
– LOCATION: Barrys Bay, ON (about 140km North from Belleville)
– PURCHASE PRICE: $299,000 Or Best Offer (includes 2.5% commission for cooperating agents)
– CURRENT APPRAISED VALUE: $480,000
– AFTER REPAIR VALUE:  $600,000+
– CLOSING: June 29, 2026 (Seller is open to sooner! This is an assignment sale.)
– TYPE: Cottage – Detached Bungalow
– BEDS/BATHS: 2 beds/1 bath
– PARKING: Large lot with ample parking as desired
– BASEMENT: None
– SQFT: 660
– LOT: Irregular, over 1 Acre with ~230ft of water front
– AGE: 1972
– PROPERTY TAX: $2,021 (2026)
– POSSESSION: Vacant

RENOVATIONS NEEDED:
– Cosmetic updates throughout.
– Roof is old and in need of attention.
– Electrical panel is fuses and should be updated, power line to the home was compromised in recent storm.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– 230 ft of waterfront with sandy beaches
– Appraised at $480K in December, you have the chance to buy 38% below appraised value!!
– Large lot, over 1 acre
– Active MLS listings in the area all over $500K
– Get a cottage in time to enjoy this summer

LISTING ID: 0626-BAR-F01

Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors

PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.