688A Prevost Road
French River, ON
5 bed • 2 bath • approx. 1500-2000 sqft • Detached • 94 days on market
Turnkey 4 season waterfront home on beautiful Bear Lake! This true 5 bedroom, 2 bathroom home offers stunning views, year-round comfort, and proven income potential. Currently operating as a licensed Airbnb, the property generated $50,000+ in 2025 with significant untapped growth opportunities.Main level offers 3 bedrooms, spacious living space, and lake views. Lower level features 2 additional bedrooms and a large family room with hookup for a wood-fired stove (not currently in use). Upgrades include a new roof, new septic system, new property grading, and a Generac generator. Outdoors, enjoy a upgraded aluminum dock and floating dock, perfect for boating and relaxing. The 1,600 sq ft garage includes a finished area previously used as a storefront, ideal for a workshop, studio, or business.Located just minutes from Noelville with shops, dining, and services nearby. Don't miss your chance to own this rare waterfront gem with income potential on one of the regions most desirable lakes. Showings scheduled around guest bookings.
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Listing Details
- Taxes (2025)
- $3,407
- Listed
- May 25, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Vinyl Siding, Brick
- Roof
- Metal
- Foundation
- Block
- Interior
- Generator - Full
- Lot Size
- 177.44 x 198.45 Feet
Utilities
- Water
- Lake/River
- Sewer
- Septic
- Heat Source
- Electric
Location & Legal
- Cross Street
- hwy 535 and Prevost
- Parcel Number
- 734510475
- Possession
- Other
Commercial
- Occupancy
- Partial
Included
- Inclusions
- Existing Appliances: Fridge, Stove, Microwave, Dishwasher, Stand Up Freezer
- Exclusions
- Downstairs: Leather Sectional, Wardrobe & Antique Dresser in Bedrooms
- Rental Items
- None
Waterfront
- Water Body
- Bear Lake
- Shoreline
- Natural
- Docking
- Private
Schools
Elementary
- École élémentaire Saint-Antoine1.7 km
French Catholic · CSDC du Nouvel-Ontario · 95 students
Grade 6 math: 20% met the provincial standard
- École publique de la Rivière-des-Français2.3 km
French public · CS public du Grand Nord de l'Ontario · 55 students
Secondary
- École secondaire de la Rivière-des-Français2.3 km
French public · CS public du Grand Nord de l'Ontario
Grade 10 literacy: 100% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P0M
- Population
- 49,727
- Private dwellings
- 24,862
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in French River · last 12 months
- Median sold price
- $400,000
- Homes sold
- 23
- Median days on market
- 64
- Sale-to-list price
- 92.3%
Based on 23 recorded sales of residential freehold properties in French River over the last 12 months.
Rooms
3-piece on Main, 3-piece on Lower
Main
- Bedroom12' x 10'5"
- Bedroom15'6" x 8'
- Kitchen15' x 9'
- Laundry10'6" x 8'6"
- Living Room17' x 14'
- Primary Bedroom15'6" x 21'
- Sunroom15' x 15'
Lower
- Bedroom12' x 11'
- Bedroom9' x 7'
- Bedroom15' x 12'6"
- Family Room23' x 16'
Listed by
eXp Realty
Location
Mortgage Calculator
$139,800
Estimated Monthly Payment
$3,434
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,434/mo (20% down, 5.5%)
Taxes: $284/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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