Deal of the Week: Stunning Waterfront Home on Riley Lake

 Deal of the Week: Stunning Waterfront Home on Riley Lake

If you're searching for a dream home that offers tranquility, comfort, and value, look no further! This incredible 2016-built waterfront home on Riley Lake is an opportunity you don’t want to miss. Nestled in a peaceful rural setting just 20 minutes from Gravenhurst, this property is perfect for year-round living, a vacation retreat, or an investment opportunity. With a sale price of $599,000.00, a 20% down payment ($119,800.00), and a 4.54% interest rate, this home is not only beautiful but also an excellent deal for buyers looking for a great return on investment.

Property Highlights

This charming 2+1 bedroom, 2-bathroom home is designed for both comfort and efficiency. Built on a durable ICF foundation with an engineered floor system, it ensures energy efficiency and long-term stability. Hardwood floors throughout the main living space add warmth and elegance, while large windows invite an abundance of natural light into the home.

The main floor spans just over 1,000 square feet, featuring:

• A spacious primary bedroom with a walk-in closet and 4-piece ensuite
• A comfortable second bedroom
• An additional 3-piece bath
• An open-concept living room, dining area, and kitchen with beautiful hardwood flooring

Expansion Potential

The partially finished basement is a blank canvas, offering the opportunity to add an additional 750 square feet of living space. It already includes:

• A potential third bedroom
• A spacious recreation room
• A wood stove, adding both charm and extra heating efficiency

With a little finishing work, this basement could become the perfect guest space, entertainment area, or home office.

Outdoor Features & Recreational Access

One of the biggest selling points of this property is its incredible outdoor space and waterfront access. Whether you enjoy fishing, kayaking, or simply relaxing by the water, this home offers a private dock just steps away. Additional outdoor features include:

• Two storage sheds for equipment and seasonal gear
• Space for a back deck off the living room and primary bedroom, offering scenic lake views
• A front entryway deck, ready to be built by the new owner

Practical & Energy-Efficient Features

This home is not just beautiful—it’s also designed for practical, year-round living. Some of the key features include:

• High-efficiency propane furnace for cost-effective heating
• 200-amp electrical service for modern convenience
• ERV/HRV system for improved air quality
• Sump pump to protect against water damage
• Cell service, electricity, garbage pickup, and recycling pickup for a seamless rural lifestyle

Why This Home is a Great Deal

At $599,000, this home is priced competitively for a waterfront property with year-round access. With a 20% down payment of $119,800, buyers can secure this home with a manageable monthly mortgage payment of $2,663, plus low property taxes of just $180 per month. Given the combination of location, energy efficiency, and expansion potential, this property is an outstanding investment.

Convenient Location

Though surrounded by nature, this home is just 20 minutes from Gravenhurst, providing access to all essential amenities, including:

• Summerland General Store for local shopping needs
• Restaurants and cafes for dining out
• Medical services and schools for families considering full-time residence

A Rare Opportunity in the Market

Waterfront properties with year-round municipal road access are in high demand, and this home offers the perfect blend of seclusion and convenience. Whether you're looking for a primary residence, a weekend getaway, or a rental investment, this Riley Lake home checks all the boxes.

Don’t miss out on this fantastic Deal of the Week! Contact me, to schedule a viewing today!