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.
MLS # | X9300267 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Price Change |
Days On Site | 286 |
Listing Provided By | OLIVER & ASSOCIATES TRUDY & IAN BUSTARD REAL ESTATE | X9300267 793700 |
Bed(s) | 6 |
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Bath(s) | 4 |
Basement | Y |
Water Front | WaterfrontCommunity |
Interior Features | Storage |
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Cooling | Wall Unit(s) |
Fireplace Features | Natural Gas |
Exterior Features | Deck, Year Round Living |
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Roof | Asphalt Shingle |
Foundation Details | Concrete, Wood |
Topography | Flat |
Province | ON |
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County | Lambton |
City | Lambton Shores |
Postal Code | N0M 1T0 |
Area | Grand Bend |
Listing VS Median (in N0M 1T0) | |
Price: $1,150,000 low | high Med: $1,374,950 On site: 286 low | high Med: 120.500000 |