Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

8863 Highway 17 E, Calvin, ON P0H 2E0

8 beds · 6 baths · 2 kitchens · 9 rooms · 52 parking spaces · 1100-1500 sq ft · Rural Residential
$2,300,000
Property tax
$7,345 / year

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.

MLS number
X13585228
Type
Rural Residential
Status
Active
Bedrooms
8
Bathrooms
6
Postal code
P0H 2E0
Photos
34
53days · this listing
79days · this property (3 listings)

This home has been listed 3 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

79 days on the market across 3 listings
This listing shows 53 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$460,000 · minimum here is $460,000
$10,183.90per month
Borrowed before insurance$1,840,000
Total borrowed$1,840,000
Interest over 25 years at 4.5%$1,215,171

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$6,962.99per month out of pocket
Rent$3,833.00
Everything it costs to hold$10,795.99
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY. Listing data provided by the Toronto Regional Real Estate Board.