$899,000
For sale: Other

Power of sale seasonal cottage compound at Flakes Cove on East Lake. Picturesque and tranquil waterfront with shallow rocky entry and waterside entertaining deck. Great for fishing, swimming, boating and enjoying our famous Prince Edward County sunsets. Close to Cherry Valley and 10 mins drive to Picton. Property consists of 5 seasonal cottages-1x3 Bdrm, 3x2 Bdrm, 1x1 Bdrm plus den each with private decks overlooking the water. Additional outbuildings include his + hers washrooms (in addition to each cottage having a 3 piece washroom) and laundry house, pump house, sauna, 2 large storage sheds. Recreational facilities include waterside deck, wooden swing, firepit and covered entertaining areas. Property requires additional renovations in order to complete what currently exists. Ideal opportunity for contractors or handyman to finish and set new current value seasonal rents. Zoning is tourist commercial. Property being sold as-is where-is condition with no representations or warranties of any kind. Cottages are accessed via a right of way laneway over 50 Valhalla Lane at the end turn left to 58 Valhalla Lane. Note: Do not enter recreational structure as it is unsafe to do so. No Representations or Warranties, property being sold AS IS-WHERE IS.
Sold data
Homes in Prince Edward County (Athol) took a median of 44 days to sell over the last 90 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 83, across 151 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 77 days.
The median sale price was $615,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 151 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
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