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$699,000
French River
688A Prevost Road, French River, Ontario, P0M2N0
This 5-bedroom, 2-bathroom home in French River is for sale.
Turnkey 4 season waterfront home on beautiful Bear Lake! This true 5 bedroom, 2 bathroom home offers stunning views, year-round comfort, and proven income potential. Currently operating as a licensed Airbnb, the property generated $50,000+ in 2025 with significant untapped growth opportunities.Main level offers 3 bedrooms, spacious living space, and lake views. Lower level features 2 additional bedrooms and a large family room with hookup for a wood-fired stove (not currently in use). Upgrades include a new roof, new septic system, new property grading, and a Generac generator. Outdoors, enjoy a upgraded aluminum dock and floating dock, perfect for boating and relaxing. The 1,600 sq ft garage includes a finished area previously used as a storefront, ideal for a workshop, studio, or business.Located just minutes from Noelville with shops, dining, and services nearby. Don't miss your chance to own this rare waterfront gem with income potential on one of the regions most desirable lakes. Showings scheduled around guest bookings. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 163 days on market, against an average age of 109 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 110 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 5-bed single family in French River 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 $699,000, about 8.1× the local median household income of $86,000.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.