$2,300,000
Calvin
8863 Highway 17 East, Calvin, Ontario, P0H2E0
This 8-bedroom, 6-bathroom home in Calvin is for sale.
OWN A FOUR-SEASON WATERFRONT RESORT, EVENT DESTINATION & 15+ ACRES ON PIMISI BAY! Acquire a four-season hospitality and event destination at Otter Pointe Resort, set on more than 15 acres along scenic Pimisi Bay. Offered as a sale of business with property, the operation includes two winterized 26 ft geodesic domes, two renovated waterfront cabins, four operating campsites, an on-site residence and a wedding and event business supported by a 2,500 sq ft seasonal tent with capacity for up to 200 guests that can also be configured with two removable pickleball courts. The property features 1,585 ft of shoreline, three newer docks and a beach with a raft, and includes canoes, kayaks, paddleboards and a paddleboat. Additional infrastructure includes two saunas, a comfort station with four bathrooms and heated concrete flooring, a bakery with a full kitchen and separate storefront, a boathouse, detached workshop and garage, carport, event shed, storage building, fenced barnyard and 26 ft Planta greenhouse. Three septic systems, a drilled well, two newly installed commercial-grade Class A UV water treatment systems and two 10 kW dual-fuel generators with installed transfer switches support operations across the site. A large double-sided entrance sign and two Highway 17 billboards provide valuable roadside exposure, while the active website, social media channels, 4.9-star Google rating and repeat clientele support continued marketing and reinforce the resort's established reputation. Otter Pointe Resort offers an entrepreneur the opportunity to acquire an operating waterfront business with accommodation, event, recreational and food-service components already in place. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 107 days on market, against an average age of 85 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 8-bed single family in Calvin is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,300,000, about 28.8× the local median household income of $80,000.
Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 462% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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Loading rates, 30-yr amortization
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