drone / aerial view More Photos

×

    For Sale - 15 Victoria Lane, Bluewater, Ontario

    Est payment $9,123/mo
    Get pre-qualified
    Views   2
    Time on Jump  13 day

    AI Summary *

    • Easy-to-manage 8-plex generating approx. $120,000 annual net income.
    • Seven out of eight units occupied by long-term, happy tenants.
    • All units separately metered for hydro, simplifying management and expenses.
    • Includes workshop unit and multiple storage rooms for added functionality.
    • Located conveniently near Lake Huron beaches and local amenities.




    Attention investors! Exceptionally easy to manage 6-cap 8-plex opportunity generating approximately $120,000 in annual net income: a true huron county money maker just minutes from grand bend, exeter, and bayfield, and one of the most effortlessly run rental properties along ontario's west coast! This 9-unit multiplex consists of 8 residential apartments plus a superintendent's workshop unit with plumbing, all in excellent condition and fully functional in terms of fixtures and chattel. Currently, 7 units are occupied by long-standing, happy tenants, with one vacant 2-bedroom unit ideal for owner occupancy or immediate lease-up. In total, the building offers six 2-bedroom units, two 1-bedroom units, plus the workshop unit, along with multiple storage rooms and a dedicated meter room. All nine units are separately metered for hydro, simplifying management and expenses. The thoughtfully designed layout includes a 1-bed and 2-bed unit on the ground level, a 1-bed and two 2-bed units on the main level, and three 2-bed units with balconies on the upper level. Every unit is equipped with owned appliances, including in-suite washers & dryers, a fan-favorite feature among tenants. Two large owned hot water heaters are also included. Tenants pay hydro, and operating costs are remarkably low at approximately $15,000-$17,000 annually, resulting in strong and reliable net income for an 8-plex plus workshop unit. All fire code requirements are up to date, the metal roof and insulbrick/vinyl exterior are in excellent condition, and both landscaping and maintenance are refreshingly simple. All debentures have been paid! Located in the heart of zurich, ontario, just five minutes from beautiful lake huron beaches, this property represents incredible value when compared to today's replacement construction costs. As a turnkey, mindless money-maker and a rare 6-cap income property that stands out among recent multi-plex sales in huron county, this opportunity will not last long.
    Listing IDX12945598
    Address15 Victoria Lane
    CityBluewater, Ontario
    Price$1,899,900
    Bed / Bath14 / 8 Full
    Style3-Storey, Multiplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Workbench, Water Heater Owned, Upgraded InsulationOutdoor Features PorchAmenities Beach, Golf, School, Place Of Worship, Park, Rec./Commun.CentreOwnership FreeholdBasement Walk-OutFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 13.00
    ASAP

    Wed

    15

    Apr

    Thu

    16

    Apr

    Fri

    17

    Apr

    Sat

    18

    Apr

    Sun

    19

    Apr

    Mon

    20

    Apr

    Tue

    21

    Apr

    Wed

    22

    Apr

    Thu

    23

    Apr

    Fri

    24

    Apr

    Sat

    25

    Apr

    Sun

    26

    Apr

    Mon

    27

    Apr

    Tue

    28

    Apr

    Wed

    29

    Apr

    Thu

    30

    Apr

    Fri

    1

    May

    Sat

    2

    May

    Sun

    3

    May

    Mon

    4

    May

    Tue

    5

    May

    Wed

    6

    May

    Thu

    7

    May

    Fri

    8

    May

    Sat

    9

    May

    Sun

    10

    May

    Mon

    11

    May

    Tue

    12

    May

    Wed

    13

    May

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  ROYAL LEPAGE TRILAND REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    630 Cameron Street
    Peterborough, Ontario.
    2 Beds | 1 Baths
    $439,900
    8 Amberwood Square
    Brampton, Ontario.
    3 Beds | 2 Baths
    $739,000
    4 Dunnett Drive
    Barrie, Ontario.
    4 Beds | 4 Baths
    $849,000
    848 Upper Wellington Street
    Hamilton, Ontario.
    3 Beds | 2 Baths
    $759,999
    1006 Sheenboro Crescent
    Orleans - Cumberland And Ar…
    5 Beds | 4 Baths
    $849,900
    56 Ivory Court
    Clarington, Ontario.
    3 Beds | 3 Baths
    $670,000
    9 Evans Drive
    Whitchurch-Stouffville, Ont…
    4 Beds | 3 Baths
    $1,195,000
    17 Ben Machree Drive
    Mississauga, Ontario.
    3 Beds | 2 Baths
    $2,299,900
    2945 Nipiwin Drive
    Mississauga, Ontario.
    3 Beds | 2 Baths
    $750,000
    Loading...
    15 Victoria Lane
    Bluewater , Ontario
    14 8 $1,899,900
    Get more info