$1,100,000
$1,249,999
12.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
0.5 Acres Lot
SOLD DATE : 07/17/2025
Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Rural Malahide
MLS Listing ID X12057540
Sold Date 07/17/25
Style Bungalow
Bedrooms 3
Building Age 51-99
Annual Tax Amount $4,857
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Detached
Property Description
Attention Investors and Homeowners! Nestled in a lakeside community with convenient access to the lake, this riverside property on Erie's North Shore offers an exceptional opportunity for both income generation and owner-occupancy. Boasting over 265 feet of river frontage on Catfish Creek, the property includes a beautifully updated brick ranch, ready for move-in, along with three 1-bedroom cottages currently rented month-to-month. Whether you're looking to keep the existing tenants or occupy the main house yourself, the possibilities are vast. The property also features 10 boat docks to accommodate 20 slips, with the potential to add more, creating an additional revenue stream. Ideal for those seeking a peaceful riverside retreat while managing a small rental business on the side, this property provides the perfect balance of lifestyle and income potential. Contact us for more details on current income and future growth opportunities!
Location
State ON
County Elgin
Community Rural Malahide
Area Elgin
Zoning RHR
Rooms
Family Room Yes
Basement Finished
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Waterfront Description River Front
Roof Type Shingles
Road Frontage Year Round Municipal Road
Lot Frontage 266.22
Lot Depth 99.0
Total Parking Spaces 7
Building
Foundation Concrete
Others
Senior Community Yes
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