Here is an opportunity to own a 4 season home/cottage and lease of South East facing shoreline on Upper Chemong Lake for under $400k. Travel Trent Severn waterway with lock free access to a chain of five lakes, you can boat, swim and fish to your heart's desire. This 3 bedroom - 1 bathroom home has been upgraded extensively over the past 10-15 years - roof, siding, furnace and AC, deck, Septic tank, just to name a few things. There is really nothing to be done here! Relax and enjoy lazy sunny afternoons with your friends and family on the large deck and take in the beautiful views of the beach and lake. The property comes with a large double garage. The land is leased through the standard Department of Indian affairs lease for $3500/year plus $1620/year for police, fire services and garbage disposal. There are no property taxes. Consent and a one-time fee of $500 is required to for the transfer of the lease into the name of the new buyer. Only 30 minutes to Peterborough and 2 hours to the GTA. Here is your chance to enjoy everything that waterfront living has to offer at an affordable price! Don't miss out on this opportunity!