Rarely Offered
Recreational Property (Live Here 8 out of 12 Months/Yr Accumulative )
Private Community
34 Common Shares (1/34 Share)
Two Lake Access
Trails, Fishing, Water Skiing
24 x 28 Garage + Shed
New Maple Kitchen
Hardwood Floors
Woodstove – Stone Hearth
$425,000 New Price!
***Please do not go onto the property without an appointment. This is a closely monitored small community. Cottages are seldom offered for sale on this lake, and this is a rare opportunity to enjoy cottage living in the heart of beautiful Caledon.
Caledon Cottage with Lake Access – Needs Finishing — Muskoka in Caledon without the drive! This open concept cottage is located in a very private community of cottages with gated entrance in north-west Caledon and is under renovation. Located approximately one hour northwest of Toronto, and only 5 minutes away from Orangeville’s West End Mall for shopping and amenities, one can enjoy water skiing, fishing, and swimming in crystal clear water, or hiking through the trails in the forested acres.
The wood-sided cottage is partially renovated with an open concept Great Room with wood-burning stove and stone hearth, beamed ceiling and skylights.
The Great Room is combined with a new maple Kitchen and has newly installed hardwood flooring. Appliances are included.
There is a Laundry Room with side door to yard and a 4-piece Bathroom with ceramic flooring and new vanity and fixtures.
A Bedroom has laminate flooring which is installed down the main hallway and into a generously sized L-Shaped Room, which could be used as another Bedroom or Family Room.
The unfinished 4-piece bathroom has ceramic floors and in-floor heating with it’s own thermostat.
There is a walk-out to the rear deck overlooking the backyard.
An upstairs “Loft Addition” is incomplete, but plans include windows and could be used as a Master Bedroom.
The cottage is heated with a new propane gas furnace, and there is a 200 amp electrical service, newer septic system and a well. (All systems to be in “As Is” condition.) Included in the purchase price is the stove, fridge, built-in dishwasher, washer & dryer. Water heater & propane tank are rentals.
The large lake provides access to a smaller, second lake. This cottage is not located on the lake, but is at the end of a cul de sac on one of the most private lots in the community of cottages. A special waterfront area with deck has been designated for its use. There is also a detached 24 x 28 foot garage/workshop as well as another storage shed.
The buyers of cottages do not obtain ownership of land in fee simple, but rather a lease of land from the corporation, which is not described by exact measurements, but rather simply that the lease covers the area on which the cottage sits, and by a general description also covers land which has over the years been designated as attached or affixed to that particular cottage. No exact boundary lines are designated. The buyer has the use of the common grounds which include the first lake and 66 feet of land surrounding the lake and second lake together with 20 feet surrounding as well the entrance creek and the outlet creek.
There are 34 common shares and this cottage would have a one thirty-fourth interest in all of the lands owned by the corporation subject to the specific leases. Buyer approval by the corporation is required in all offers. The buyer will be charged a $1,000 transfer fee on closing. Because of its recreational status, full time residency is not allowed, but an accumulative 8 months of the year residency is permitted.
Taxes are paid to the corporation, approximately $1,950 per year, which includes a common elements charge of approximately $700 for maintenance of grounds & snow removal etc.
Home is being sold in “as is” condition. No warranties or representations on the property will be given. An estimate to finish the cottage has been provided by the current contractor and is available to interested parties.