$2,290,000
For sale: Multiplex

Resort Property on Baptiste Lake.6 Beautiful Furnished Apartments This property has enormous potential for increased income, or owner/occupied resort home. Currently the top 4 units are rented short-term vacation rentals. Large Lower walk-out rented to quiet, long-term tenants.Rear lower unit rented long-term to on-site Maintenance Manager.2 docks, with infrastructure in place for 2 additional docks. Many water-access cottagers on lake, potential for renting dock space for them.3- 1 Bedroom Units, all with decks with glass railings with beautiful lake views. Units have a murphy bed for additional 2 guests.1- 2 Bedroom Unit with open concept kitchen/dining/living area. Lake-front views off two upper decks, one off the Master Bedroom. Also has murphy bed for sleeping up to 6-8 with pullout couch. Beautiful grounds, flower beds, bbq area, and firepits overlooking the lake.Perfect for swimming and water activities. Paved parking, year-round paved road access.10 minute drive from Bancroft, with LCBO, Canadian Tire and several grocery stores. Sunsets across the lake are incredible. Snowmobile trail access all winter to groomed trail system. Great fishing and boating. Public boat launch adjacent to property, easy access to the lake.New owner could potentially live in the large unit and continue to rent the other units. Whole home propane generator.New large hot tub with lake views.2 car attached garage. Gas heat and air conditioning in all units. The Large Lower walk-out apartment was a well-performing restaurant in the past, can easily be converted back to a restaurant from an apartment
Sold data
Homes in Herschel Ward took a median of 36 days to sell over the last 730 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 93, across 60 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $579,950.
Homes sold for about 5.2% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 60 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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