Situated waterfront in Captains Cove resort complex, this 3-bedroom, 2-bathroom townhouse boasts a Northerly aspect in a sheltered part of the canal and is currently achieving exceptional returns through leasing and management by Captains Cove Resort. Upstairs, the main bedroom features a King-sized bed, a recently updated TV, and a private balcony. Additionally, there is a second bathroom, a laundry room, and the second bedroom. Downstairs, upon entry, you'll step into an open-plan living area, the kitchen has stone benchtops, an upgraded dishwasher, ample cupboard and bench space, a recently purchased dining table, an upgraded Smart TV with cabinet in the lounge room. There is direct access to a covered balcony ideal for BBQ's and enjoying the sunsets in the evening. On the ground floor you will also find the third bedroom and an additional bathroom for convenience. This fully furnished apartment offers the added convenience of use of the resort's indoor heated pool, tennis court, access to safe kayaking in the canals, your own carport and being able to have your boat tied up out the front. Imagine owning your own waterfront property with a jetty berth, just a short stroll to Paynesville shopping center and around the corner from the boat ramp. Under the management agreement, you can enjoy the apartment when it is not booked for free, excluding linen and cleaning fees and generate income when you are not using it. The property has been meticulously maintained and updated by the current owners, with recent additions including downlights, new carpets, floor rugs, prints, a coffee table, lamps, and new outdoor furniture both upstairs and downstairs. For further details and financial figures, please contact the exclusive selling agents, Bret or Jennifer Ward at Elders Real Estate on 0427562644.