461 The Ridge Road, Wollaston, ON K0L 1P0, Wollaston, ON
Bed 9
Bath 8
An exceptional waterfront property on Wollaston Lake that I believe presents a unique and compelling opportunity. This property boasts 530 feet of stunning shoreline and offers breathtaking, world-class sunsets.The main residence is quite substantial, featuring eight self-contained units with the capacity to comfortably host up to 25 guests. It includes a total of nine bathrooms and a main floor laundry for added convenience. Over the past three years, the property has undergone significant updates, including new flooring in many units, renovated bathrooms, a recently installed 25KW automated generator, updated window coverings, a new propane furnace, pot lights, new security cameras, a comprehensive water filtration system, and new water pumps. The property has already demonstrated strong rental income growth, with approximately $150,000 in bookings scheduled for the 2025 season, indicating its immediate income-generating potential.In addition to the main house, there is a charming, self-contained two-bedroom, one-bathroom cottage with its own private shoreline, offering a sense of privacy ideal for extended family or additional rental income. Furthermore, right at the water's edge, you'll find a beautiful two-storey wet slip double boathouse. This impressive structure includes a large second-storey flex room, a versatile space perfect for events, a yoga studio, or a games room. The superior construction quality is evident throughout all the buildings on the property.Beyond the existing structures, there is also additional land across the road with potential for future development, offering exciting possibilities for expansion or further investment. Approximately 2.5 hours from the GTA and Ottawa, this property offers tremendous value due to its unique features, income potential, and future possibilities.
Property Highlights
For Sale
MLS NO.
X12032061
Type
Residential Freehold
Sub Type
Detached
Bedrooms
9
Bathrooms
8
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Detached
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12032061
Living Area Range
3500-5000
Total Bedrooms
9
Bedrooms Above Grade
9
Total Bathrooms
8
Total Kitchens
6
Kitchens Above Grade
3
Kitchens Below Grade
3
Rooms Above Grade
9
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Security Features
Alarm System
Construction
Stone, Vinyl Siding
Roof
Tile
Lot Width
529.0
Lot Size Units
Acres
Parking Features
Private
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
West
Cooling
None
Cooling Installed
No
Heat Source
Oil
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
461 The Ridge Road, Wollaston, ON K0L 1P0
City
Wollaston
Neighbourhood
Wollaston
County / Region
Hastings
Province / State
ON
Postal Code
K0L 1P0
Cross Street
The Ridge Road South to #461.
Directions
From Coe Hill take The Ridge Road South to #461.
Country
CA
List Price
$2,290,000
Annual Taxes
$9,634
Tax Year
2024
Legal Description
PT RDAL AROUND WOLLASTON LAKE (EAGLE LAKE) WOLLASTON PT 21R18521 CLOSED BY QR566911; WOLLASTON; COUNTY OF HASTINGS. PIN #'S 401230259, 401170205, 401170206.
Possession Type
Flexible
Possession Details
Flexible
Listing Office
BALL REAL ESTATE INC.
Board
Central Lakes Association of REALTORS
Original Entry
2025-03-20T17:01:45Z
Media Updated
2025-05-15T18:02:57Z
Photos Updated
2025-04-07T17:15:47Z
Last Modified
2025-09-24T14:34:18Z
System Modified
2025-10-12T09:09:35.160752Z
MLS Status
Expired
Architectural Style
Other
Basement
Full
Co List Office Name
BALL REAL ESTATE INC.
Ddfyn
Yes
Expiration Date
2025-09-20
Foundation Details
Concrete
Heat Source Multi
Oil
Heat Type Multi
Forced Air
Hstapplication
Included In
Link Yn
No
Occupant Type
Owner
Originating System Id
A00001796
Parcel Number
401230259
Parking Spaces
8
Property Features
Fenced Yard, Library, Place Of Worship, Rec./Commun.Centre, School, School Bus Route
Public Remarks
An exceptional waterfront property on Wollaston Lake that I believe presents a unique and compelling opportunity. This property boasts 530 feet of stunning shoreline and offers breathtaking, world-class sunsets.The main residence is quite substantial, featuring eight self-contained units with the capacity to comfortably host up to 25 guests. It includes a total of nine bathrooms and a main floor laundry for added convenience. Over the past three years, the property has undergone significant updates, including new flooring in many units, renovated bathrooms, a recently installed 25KW automated generator, updated window coverings, a new propane furnace, pot lights, new security cameras, a comprehensive water filtration system, and new water pumps. The property has already demonstrated strong rental income growth, with approximately $150,000 in bookings scheduled for the 2025 season, indicating its immediate income-generating potential.In addition to the main house, there is a charming, self-contained two-bedroom, one-bathroom cottage with its own private shoreline, offering a sense of privacy ideal for extended family or additional rental income. Furthermore, right at the water's edge, you'll find a beautiful two-storey wet slip double boathouse. This impressive structure includes a large second-storey flex room, a versatile space perfect for events, a yoga studio, or a games room. The superior construction quality is evident throughout all the buildings on the property.Beyond the existing structures, there is also additional land across the road with potential for future development, offering exciting possibilities for expansion or further investment. Approximately 2.5 hours from the GTA and Ottawa, this property offers tremendous value due to its unique features, income potential, and future possibilities.
