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$750,000.00 CDN - File 6 -Lakefront Opportunity In UNORGANIZED Sheraton Township $750,000

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UNORGANIZED TOWNSHIP

ONLY DEEDED LAND ON HEART LAKE

HALF THE LAKE IS WITHIN THIS PROPERTY

SOUTHEAST FROM THE CITY OF TIMMINS, ONTARIO

YOUR OWN FAMILY VACATION COMPOUND

OFF THE GRID

HST IS APPLICABLE TO THIS PROPERTY

OVER 7,200 FEET OF SHORELINE

CHEAP TAXES

NO NEIGHBOURS

PRIVACY

 

Every once in a long while we get a unique property that really excite us.

This is one of those times where we have a property that we know is going to attract a certain type of buyer.

An investment property that we know is to surely go up in value over time.

 

This is a drive to property in the UNORGANIZED township, of Sheraton.

Located about 45 kilometers east of the City of Timmins and then 14 kilometers south on the Gibson Lake Road, so in total just under 60 kilometers from the City of Timmins.

About a half hours scenic drive.

 

We looked up the original patent and the patent states that the property is 157 acres in size.

One hundred and fifty seven acres of lakefront property, surrounded by crown land, that takes in over ½ of HEART LAKE.

Even though the Crown Patent states that the property has a size of 157 acres, when we measure the land area we get a surface area of 110 acres of land and the rest would be that part of the lake that is within the property boundary.

 

THIS PROPERTY IS THE ONLY DEEDED PROPERTY ON HEART LAKE!

 

Good road access from Gibson Lake Road, which is south, off of Hwy 101, to a gated private entrance.

 

Heart lake offers clear pristine water and some sand beaches.

Three cabins have been built on this property about 7-10 years ago.

The cabins were located so that they are far enough away from each other that each cabin is very private.

We will identify the cabins as Heart 1 on the west shore, as Heart 2 at the north end of the lake and as Heart 3 on the east shore of the lake.

Cabins Heart 1 and Heart 2 are in good condition.

Cabin Heart 1 on the west shore has never been lived in.

The owners have stayed in Heart 2 a few times over the last 10 years.

The cabin we identify as Heart 3 on the east shore suffered snow load issues over the past winter and had some serious damage. There is a CABIN PACKAGE that was never erected that can be used to repair and rebuild the Heart 3 cabin.

The materials are there.

 

There are no electrical services to the property so you are totally OFF THE GRID.

All the cabins have been wired for generator.

 

Cabins range in size from Heart #1 cabin at 14’ x 26’ to Heart #’s 2 and 3 cabins at 16’ x 30’, all with porches with beautiful views of the lake.

In Cabin Heart #1 enjoy your morning coffee from the balcony outside your bedroom.

All cabins come equipped with composting toilets, so no need to venture outside.

Cabin Heart #2 is complete with propane fridge and stove and some furnishings.

All buildings have low maintenance metal roofing.

Cabins Heart #2 and Heart #3 have storage sheds built nearby to house your extras.

Not much need to do anything but enjoy except for rebuilding Heart Cabin #3 if you want.

 

Being in an unorganized township means you can put up more cabins if you like, to suit your needs.

You will not require a building permit to build more cabins.

 

Part of the land has had the mature timber harvested, but a large buffer zone surrounds the lake.

Mature trees such as jack pine, red pine, spruce, birch and poplar have been left along the shoreline.

 

SURFACE RIGHTS come with this property.

TREE RIGHTS come with this property except for the Pine trees which are reserved to the crown.

(There are very few Pine Trees here).

 

If you like you can make more trails or even roads throughout the property and you can use the road material from your property.

It appears that there is sand and gravel pretty well everywhere on the property.

 

A sand/gravel roadway runs along the northern edge of the lake, with ATV trails scattered throughout here and there.

 

HUNTING

Along these roadways there is always signs of animals present.

Moose wander these roads, munching on the new growth from the timber harvesting.

Grouse and rabbits are always around.

This property is located in Wildlife Management Unit (WMU) 29.

BLUEBERRIES

This is blueberry country and you will enjoy all the wild blueberries you can pick.

 

ABOUT HEART LAKE

This is a clear water lake and it has some small sand beaches.

A review of the MNR's FISH-ON-LINE website shows the following about Heart Lake.

Heart Lake is a lake of 25.5 Hectares or approximately 62 acres in size,

It enjoys 3/4 of a mile in length and over 1/4 mile in width. and it has a perimeter shoreline of over 2 miles,

Heart Lake has an average depth of 5.6 meters or approximately 18.3 feet and a maximum depth of 13.4 meters or approximately 44 feet.

This property has over 7200 feet of shoreline!

The lake has BROOK TROUT and SPLAKE  and YELLOW PERCH.

The MNR has stocked the lake with SPLAKE in the years 2010, 2012, 2016 and 2018.

Over the past ten years, the Ministry of Natural Resources have placed over 16,500 yearling splake into this lake, and, starting in 2007 up until as recent as this year, they have placed approximately 1250 yearling brook trout.

Splake is a mix breed of lake trout and speckled trout.

Speckled trout is another name for brook trout.

 

FAMILY TIME

IMAGINE that you and your family are looking for a recreational location surrounded by CROWN LANDS where you and your grown children can build your summer cottages and all be together in one area.

THIS CAN BECOME YOUR FAMILY RETREAT!

A whopping 110 acres of land with over 7,200 feet of waterfront

Enjoy complete and total privacy.

No neighbors in sight!

A place where you can watch your grandchildren play!

Some ideas for you to consider…

Buy this property together with your grown children, all as equal owners.

Or

For very little, you can incorporate a numbered company, buy the property through the company, give each of your children or family member one share of the company. Give each shareholder the exclusive use of whichever cottage or portion of the property.

This way the property remains the property of the compant and the children or family members are shareholders of the company.

PLUS

If you make the company an HST registrant then you don’t have to pay any HST on the purchase.

 

PLEASE NOTE!!

The sale of this property is applicable to HST.

 

FINANCING

The seller may consider a short term open mortgage.

Details to be negotiated at time of offer.

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