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 $1600/1200/ weekly and similar pricing for winter tenants monthly. The two smaller units are $1000 all inclusive monthly.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
1 1/2 Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Depth:
38'11¾"11.9 m
Frontage:
81'1½"24.7 m
Lot Shape:
Rectangular
Topography:
Flat
Direction Faces:
West
Bedrooms:
6
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
6
Kitchens Above Grade:
4
Rooms Above Grade:
14
Zoning:
R4
Heating type:
Water
Heating Fuel:
Other
Fireplaces:
2
Foundation:
Concrete, Wood
Roof:
Asphalt Shingle
Basement:
Unfinished
Fireplace Features:
Natural Gas
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Features:
Front Yard Parking
Parking Spaces:
4
Total Parking Spaces:
4.0
Family Room:
Yes
Possession Details:
flexible
Pool:
None
HST Applicable To Sale Price:
Included
Assessment:
$336,000
Assessment Year:
2023
Development Charges Paid:
Unknown
Taxes:
$3,979 /
2024
Assessment:
$336,000.00 /
2023
Lambton Shores
Grand Bend
Lambton
Storage
Deck, Year Round Living
water heater/boiler
all furnishings indoors and outdoors, appliances, window coverings.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.