For Sale

1087 Island View Drive, Otonabee-South Monaghan, Ontario K0L 1B0

$1,999,999

1087 Island View Drive, Otonabee-South Monaghan, Ontario K0L 1B0 is For Sale and has a listing price of 1,999,999. The property is located in the Otonabee-South Monaghan neighbourhood . It's been on the website for 48 Days.

  • Detached
    Property Type
  • 7
    Bedrooms
  • 5
    Bathrooms
  • Inside Entry
    Parking
  • MLS ID: X11955958
  • Office Name RE/MAX JAZZ INC.
Property Description

The docks are soon going in. The beginning of another busy summer at this income generating property with so much room for growth. The biggest part of your yearly income is a few days away. Spring boat launching. Welcome to your own future. A place to live and a place to build a future. Owned waterfront out to the waters edge and lease out into the water 250 ft. from Parks Canada. This long well-established marina on Rice Lake Trent waterway System on 1.2 acres is so under-utilized. Approx. 1 acre leased from Parks Canada under the water taxed separately. More than 110 boat slips with room to expand is completely full servicing Cow and Long Island property owners. There are no unrented boat slips available at this time. 2-1-bedroom apartments, 1-2 bedroom and 1-3 bedroom (owners’ residence) with stunning views over the docks and the waterfront. 3 shops under approx. 6000 sq. ft. of roof (roof would be perfect for solar panel income), part of that large space is high and heated. Large retail store, Marine fuel sales with TSSA inspected above ground fuel tank, propane tank exchange service. Room to increase revenue with marina service, boat shrink wrap, water tax out to the islands, includes small construction barge with hoist, $15 boat launch fee, outdoor washrooms. Loads of upgrades. Only 45 mins to Oshawa, 15 mins to Peterborough, 20 mins to 407. Deeded parking to Cow Island Residents behind the marina. The owner shuts down for the winter but could stay open all winter to sell fuel to snowmobilers, operate a store perhaps a hot snack bar to the numerous ice fishermen who fish right out front. The shops could be used or rented to marine mechanic; marine upholstery shop the 3rd large high heated shop with auto hoist and other mechanical equipment could be leased to a mechanic. All of those uses are needed in the area. More boat slips are also needed, if the buyer chose to construct. Offer to be done on a commercial offer form. HST to be self-assessed by the Buyer.

Property Details
  • Bedrooms: 7
  • MLS ID: X11955958
  • Bathrooms: 5
  • Price: $1,999,999
  • Lot Depth: 199.28
  • Transaction Types: For Sale
  • Ref ID: X11955958
  • Year Built: N/A
  • Approx Sqft: < 700
  • Dir / Cross St: Lakeview Rd East and Island View Drive
  • Status: Active
  • Tax Year: 2024
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
02/04/2025 X11955958 $1,999,999 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Otonabee-South Monaghan
  • $785,811 Average List Price
    based on 1 year
  • 14 New Listings
    based on 30 days
  • 62 Median Days on Market
    based on 1 year
  • List vs. Selling Price 147.21 % Up
  • Sold (12mo) 49
  • Rented (12mo) 8

  • 1 Month Change +9.9%
  • 3 Month Change -18.9%
  • 6 Month Change +32.1%
Walkscore
Property Type Distribution
  • All Houses
    65.08%
  • All Houses/Commercial
    0.07%
  • Commercial
    33.02%
  • Condo
    0.47%
  • Land for Sale
    1.36%
Additional Details
  • Heat Type Forced Air
  • Heat Source Oil
  • Style Bungalow-raised
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 50
  • Exterior Concrete, Vinyl Siding
  • Kitchen 4
  • Parking Inside Entry
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 4 # Pcs: 3
  • Washrooms Type 5 # Pcs: 2
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Washrooms Type 5: 1
  • Taxes: $6,292
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 04/02/2025 19:44:20
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