Year-Round Lakefront Living on Wakaw Lake – Income Producing + Rare Lot Advantage
The perfect opportunity on Wakaw Lake is here — and this one checks the boxes buyers actually care about.
This beautifully renovated 4-bedroom walk-out cabin on First Point Beach offers year-round living, proven rental income, and one of the biggest advantages on the lake: very limited slope to the water.
No long, steep, winding staircases like many other lake properties — just easy, practical access to the shoreline. That alone makes this property stand out.
Inside, you’ll find:
• 780 sq ft on the main level
• Just over 600 sq ft of developed walk-out basement space
• 4-piece bathroom upstairs
• 2-piece bathroom downstairs
• Covered deck with beautiful lake views
The layout is ideal for hosting, family living, or maximizing rental revenue.
For the past two years, this property has operated as a successful rental. Whether you want a personal lake retreat, an investment property, or both — this home is already set up to generate income.
This is not a summer-only cabin. It is set up for year-round enjoyment, giving you flexibility and stronger long-term value.
Utilities
• 1200-gallon water holding tank system
• 1200-gallon septic holding tank
• Well on property (not currently used due to hard water).
The hot tub and shed are negotiable, offering flexibility depending on buyer preference.
Bonus Opportunity Across the Road
There is an opportunity to enter into a 25-year lease on the storage lot directly across from the property — perfect for additional storage, boat/RV space, or future garage potential. This is a rare add-on opportunity at the lake.
This property offers:
? Easy water access (minimal slope)
? Walk-out basement
? Year-round living
? Rental income history
? Expansion/storage potential
Lake properties with this combination do not come up often — especially on First Point Beach.
Listing Area:
Hoodoo Rm No. 401
Property Type:
Residential
Property Sub Type:
Detached
Building Type:
House
Home Style:
Bungalow
Year built:
1977
(Age: 49)
Total Floor Area:
780 sq. ft.72.5 m2
Bedrooms:
4
Number of bathrooms:
2.0
Kitchens:
1
Taxes:
$2,300 /
2025
Frontage:
50'15.2 m
Ownership Title:
Freehold
Heating:
Electric, Forced Air
Water Heater:
Included
Water Heater Type:
Electric
Basement:
Full Basement, Walkout
Basement Walls:
Concrete
Roof:
Asphalt Shingles
Exterior Finish:
Wood Siding
T.V. Mounts
Deck, Lawn Back, Partially Fenced, Trees/Shrubs
Recreation Usage: No
Floor
Type
Size
Other
Main
Living Room
14'4.27 m × 10'3.05 m
Vinyl Plank
Main
Kitchen
14'4.27 m × 9'2.74 m
Vinyl Plank
Main
Dining Room
8'2.44 m × 7'2.13 m
Vinyl Plank
Main
Foyer
7'2.13 m × 7'2.13 m
Vinyl Plank
Main
Bedroom
10'3.05 m × 7'2.13 m
Carpet
Main
Bedroom
10'3.05 m × 7'2.13 m
Carpet
Basement
Family Room
17'5.18 m × 12'3.66 m
Laminate
Basement
Primary Bedroom
11'3.35 m × 10'3.05 m
Carpet
Basement
Bedroom
8'2.44 m × 7'2.13 m
Carpet
Floor
Ensuite
Pieces
Other
Main
No
4
Linoleum
Basement
No
2
Linoleum
Occupancy:
Vacant
Equipment Included:
Air Conditioner(S) Window/Portable, Dishwasher Built In, Dryer, Fridge, Hot Tub, Microwave, Shed(s), Stove, Washer, Window Treatment
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