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Investment signal

$2,475,000

2924 COUNTY ROAD 8

Beds

10

Baths

6.2

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Overlooking Waupoos island and with breathtaking sunrises, this rare 1.7 acre waterfront retreat offers privacy, flexibility, and a thriving five-star short term rental business. Zoned Tourist Commercial, its ideal as your personal getaway, income property, or intimate event venue. The property features five charming cottages with a total of 10 king bedrooms, comfortably sleeping 20 guests. Each cottage blends cozy charm with modern comfort, inviting sitting areas and stylish bathrooms. The main cottage sits right on the waters edge, offering three bedrooms, two baths, a full kitchen, washer/dryer, and sunroom for your year-round enjoyment. The four additional cottages each have their own character, from peaceful balconies with lake views to bright, cheerful interiors including a chef's kitchen complete with a restaurant sized stove, two ovens, fridge, sink and stainless steel counters. Outside you'll find multiple areas to relax. After a long day on the water, rinse off in the outdoor shower, warm up by the campfire or enjoy a delicious meal in the enclosed dining area. Just a short stroll from local restaurants and food trucks in Waupoos, this property combines serene seclusion with convenient access to everything Prince Edward County has to offer. Whether kept as a personal retreat or continued as a successful rental operation, this exceptional property delivers an unmatched blend of privacy, profitability, and natural beauty on the Bay. (id:65958)

Subtype
Multi-family
Architectural style
Bungalow
Structure
Other
Community
North Marysburg Ward
Lot dimensions
147.7 x 656 FT
Bedrooms
10 above grade
Parking
10 total
Stories
1
Fireplace
1
On market
Mar 26, 2026
Status changed
Apr 16, 2026
Annual tax
$4,520
Zoning
Tourist Commercial
Photos
45
MLS#
X12924344
Area
PRINCE_EDWARD_COUNTY_(NORTH_MARYSBURG_WARD)

Features and systems

Parking

Detached GarageGarage

Basement

Crawl space

Appliances

FurnitureGarage door opener remote(s)Water Heater

Heating

Forced airNot knownNot knownElectricPropane

Cooling

Central air conditioning

Foundation

Unknown

Lot

Irregular lot sizeGuest Suite

View

ViewView of waterDirect Water View

Waterfront

Waterfront on lake

Utilities

ElectricityCableWirelessElectricity Connected
Negative cash flow ~$4,699/mo at these assumptions

Cash on cash

-11.39%

Cap rate

3.61%

GRM

16.7

Break-even rent

$17,321

Financing

Down payment$495,000
Loan amount$1,980,000
Mortgage$12,147/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,134
Insurance$80
Maintenance$2,063
CapEx reserve$1,031
Vacancy loss$619

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Prince Edward County (North Marysburg Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $12,147/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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