INCOME-Producing waterfront opportunity on beautiful silver lake. This cottage presents a different approach to recreational real estate-combining year-round personal enjoyment with proven income potential. Ownership is structured through the purchase of shares in the corporation that owns the resort. Rather than taking on the full cost and responsibility of a traditional standalone cottage, owners share many of the major expenses and maintenance obligations through the cooperative structure. For Buyers who understand alternative real estate ownership, this offers a practical, lower-maintenance way to participate in waterfront property. Built in 2013, the well-maintained 2-bedroom, 1-bathroom cottage is suitable for year-round use and has an established rental history. Current rental income is approximately $24,000 annually, representing an approximate 6% gross yield based on the $400,000 asking price, with rental demand extending beyond the summer season. Monthly maintenance fees are $800mth and cover many of the significant ongoing ownership expenses, including property taxes, insurance, internet, cable, waste removal, landscaping, water, septic maintenance and care of the resort grounds. Professional management further reduces the day-to-day responsibilities typically associated with cottage and short-term rental ownership. When you're using the property yourself, the setting delivers everything you would expect, including a sandy shoreline, private dock, direct lake access, swimming, boating and four-season recreation. For an investor, entrepreneur or recreational-property buyer looking beyond the conventional cottage model, this is an opportunity to acquire an interest in an established waterfront resort community with a proven rental history, year-round income potential and significantly reduced maintenance responsibilities. Annual income | year-round use | cooperative ownership | professionally managed
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $570 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 7 Silver Point Rd #9
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
2 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
4.72
Listing & possession
Property style
Bungalow
Property class
Detached
7 Silver Point Rd #9 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13647424$399,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 7 Silver Point Rd #9 Compares to the Seguin Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,960
/mo
based on the purchase price of $399,000
$79,800 cash
$319,200 financed
$268,850 total interest
Principal54%$319,200
Interest46%$268,850
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Seguin
Other 2-bed homes for sale in Seguin around $399K.
Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio94.4%On average, homes sold below asking.
Active listings76Homes for sale here right now.
Median vs prior 90 days+42.9%Compared with May 14 – Aug 12, 2026: prices up.
Based on 50 sales from Aug 12 – Nov 10, 2026 (41 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 7 Silver Point Rd #9
How much is 7 Silver Point Rd #9 listed for?
7 Silver Point Rd #9 is listed at $399,000 (MLS® X13647424). Summitly updates the price as soon as the MLS® record changes.
Is $399,000 a good price for 7 Silver Point Rd #9?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Seguin. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 7 Silver Point Rd #9 changed?
No — 7 Silver Point Rd #9 is still listed at its original asking price of $399,000.
How many bedrooms and bathrooms does 7 Silver Point Rd #9 have?
7 Silver Point Rd #9 has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Seguin.
How much would the monthly mortgage be on 7 Silver Point Rd #9?
About $1,960 a month — principal and interest on $399,000 with 20% down ($79,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 7 Silver Point Rd #9 compare with other homes in Seguin?
Its asking price of $399,000 is about 58% below the median sold price in Seguin over the last 90 days, $959,000, across 50 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 7 Silver Point Rd #9 been sold before?
Summitly has no earlier MLS® sale or lease of 7 Silver Point Rd #9 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 7 Silver Point Rd #9?
7 Silver Point Rd #9 is in Seguin, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 7 Silver Point Rd #9 been on the market?
96 days — 7 Silver Point Rd #9 was listed on August 6, 2026.
What is the price per square foot of 7 Silver Point Rd #9?
About $363 to $570 per square foot: the asking price of $399,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 7 Silver Point Rd #9 have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 7 Silver Point Rd #9 have a basement, and is it finished?
The listing says 7 Silver Point Rd #9 has no basement.
