INVESTORS! 4 cottage complex is situated just a block from the North Beach downtown and is a money maker! 98% occupancy with many repeat clients. The 3 bedroom includes the loft as 3rd bedroom, gas fireplace, cathedral ceiling, 4 piece bathroom with laundry and is the largest unit. The 2 bedroom unit with gas fireplace also includes a loft as a bedroom that kids love. The one bedroom is very cozy & a bachelor apartment are currently rented to year round excellent tenants. All units have appliances, a/c, bbqs, satellite TV, parking spots, 200 amps service & are fully furnished and winterized. A major renovation 18 years ago and more recently - new porches on 1, 2, & 3; replaced interior stairs in 2 & 3; new bathrooms in 2, 3, & bachelor; new kitchen in 2 & studio; upgraded insulation in basement; a new rental water heater/boiler! The boiler heats the two smaller units and is very efficient. Baseboard electric and gas fireplaces heat the larger units. This is a great investment opportunity. Utilities $8891. Rents $1600 weekly for 3 bedroom and similar pricing for winter tenants monthly. The two bedroom $1700 per month and 2 smaller units are $1000 all inclusive monthly. (id:7434)
Property Attributes
ID#X9300267
Type Multi-Family
City Lambton Shores
Neighbourhood Grand Bend
Postal Code N0M 1T0
Style
Price$ 1,150,000
Bedrooms 6
Bathrooms 4
Half Bathrooms 0
Sqr Footage2000
Data Source:
Canadian Real Estate Association (CREA)
Building Fireplace Present
True
Building Fireplace Total
2
Building Heating Type
Hot water radiator heat
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Structure
Deck
Water Front Name
Lake Huron
Sewer
Sanitary sewer
Exterior Finish
Vinyl siding