Price
$1,350,000
Bedrooms3 Beds
Bathrooms2 Baths
Size1500-2000 sqft
Year Built31-50
Property TypeHouse
Property Taxes$7536.4
Maintenance FeesNot listed
Welcome to your dream waterfront escape on stunning Balsam Lake in the heart of the Kawartha Lakes, under 2 hours from Toronto! This beautifully maintained property was featured on the TV Show "Income Property". It is a 4-season home, cottage or Income Property which offers the perfect blend of peaceful lakefront living and modern comfort. Situated on a premium 85' by 278' lot with direct water access, breathtaking sunsets with west facing crown land greenspace, excellent boating, the top rated fishing and year-round recreational activities. Inside You will find a bright, open-concept living space with large windows framing panoramic lake views. The spacious kitchen features stainless steel appliances and ample counter space ideal for hosting friends and family. Cozy up by the fireplace in the inviting living room or step out onto the expansive deck to soak in the views. With multiple bedrooms and generous outdoor space, this Lake House is perfect for both relaxing weekends and full-time living. The private dock, mature trees, and landscaped yard offer a picturesque waterfront retreat. Plus, you're just minutes from local amenities, golf courses, trails, and charming towns like Coboconk, Fenelon Falls, Minden & Bobcaygeon. Whether you're looking for a lakefront cottage getaway, a retirement haven, a family-friendly retreat, an income generating rental property or a combination of them all, 197 Lightning Point Road delivers an unbeatable lifestyle in one of Ontario's most desirable lake regions on the pinnacle lake of the Trent Severn Waterways, Balsam Lake. 5 minute drive into Coboconk where you will find: Grocery Store, Hardware stores, Pharmacy, Gas Station, Restaurants, LCBO and more. Kawartha Lakes Short Term Rental License has been issued until Oct '25. Septic, Fireplace (WETT) & Well water inspections have all passed. Oversized 2 car garage has potential to be a secondary cottage/Bunkie. 10 Sugar maple trees have been producing delicious Maple Syrup.
Dimensions
4.23' × 3.63'
Features
vinyl floor, window, closet
Dimensions
7.79' × 2.63'
Features
w/o to deck, overlook water, separate room
Dimensions
6.21' × 3.91'
Features
fireplace, overlook water, open concept
Dimensions
3.62' × 2.57'
Features
vinyl floor, window, closet
Dimensions
3.91' × 3.79'
Features
overlook water, open concept, vinyl floor
Dimensions
4.37' × 3.37'
Features
stainless steel appl, centre island, open concept
Dimensions
12.8' × 3.81'
Features
overlook water, large window, open concept
Dimensions
12.8' × 3.81'
Features
overlook water, large window, open concept
Dimensions
4.17' × 1.43'
Features
Dimensions
3.9' × 3.36'
Features
broadloom, window, closet
Dimensions
3.91' × 2.34'
Features
Separate Room
Dimensions
7.79' × 2.63'
Features
w/o to deck, overlook water, separate room
Dimensions
12.8' × 3.81'
Features
overlook water, large window, open concept
Dimensions
4.17' × 1.43'
Features
Dimensions
6.21' × 3.91'
Features
fireplace, overlook water, open concept
Dimensions
3.91' × 3.79'
Features
overlook water, open concept, vinyl floor
Dimensions
4.37' × 3.37'
Features
stainless steel appl, centre island, open concept
Dimensions
4.23' × 3.63'
Features
vinyl floor, window, closet
Dimensions
3.62' × 2.57'
Features
vinyl floor, window, closet
Dimensions
3.9' × 3.36'
Features
broadloom, window, closet
Dimensions
12.8' × 3.81'
Features
overlook water, large window, open concept
Dimensions
3.91' × 2.34'
Features
Separate Room
Have questions about this property?
Contact MeTotal Monthly Payment
$5,478 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,080,000
Total Interest Payments
$665,886
Total Payment (Principal + Interest)
$1,745,886
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Sales Representative
Somerville, Kawartha Lakes K0M 2L0
Somerville, Kawartha Lakes K0M 1N0
Somerville, Kawartha Lakes K0M 1C0
Somerville, Kawartha Lakes K0M 1A0
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
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