54 COLDWATER Road, Waubaushene, Ontario L0K2C0

  • $724,999
54 COLDWATER Road, Waubaushene, Ontario L0K2C0
For Sale
54 COLDWATER Road, Waubaushene, Ontario L0K2C0
  • $724,999

Overview

Property ID: 3189544
  • Multi-family
  • Property Type
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 6
  • Garages
  • 1975.0

Description

Discover an exceptional investment opportunity with this turnkey fourplex, ideally situate on a spacious lot in Waubaushene, just moments from the picturesque Georgian Bay. Each unit has undergone extensive interior renovations and is individually metered for hydro, minimizing your expenses as the owner. With no share common areas, your only utility expense consideration is water. This property comprises of four charming one-bedroom units, all currently leased at competitive rates, yielding an impressive annual income of $66,000. With ample parking and an expansive lot, this gem also features a modernized septic system installed in 2018. The vast lot offers exciting possibilities for potential re-zoning and building additional units – subject to Buyer doing all of their own due-diligence. Conveniently located near marinas and the scenic Tay Trail, this property offers easy access to Hwy 400 for effortless commutes to Barrie or Orillia. Furthermore, the seller offers a Vendor Take Back (VTB) option and one year of complimentary property management, making this already lucrative investment opportunity even more enticing. (id:56724)

Details

Updated on June 24, 2024 at 6:36 pm
  • Property ID: 3189544
  • Price: $724,999
  • Property Size: 1975.0
  • Bedrooms: 4
  • Bathrooms: 4
  • Garages: 6
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40598915
  • MLS Status: Active

Additional details

  • Sewer: Septic System
  • Cooling: None
  • Heating: Baseboard heaters,Electric
  • Stories: 1
  • Basement: None
  • Directions: Coldwater Rd & Duck Bay Rd
  • Water Source: Municipal water
  • Parking Total: 6
  • Structure Type: Fourplex
  • Common Interest: Freehold
  • Tax Annual Amount: 3146
  • Community Features: School Bus
  • Zoning Description: R1
  • Number Of Units Total: 4
  • Above Grade Finished Area: 1975
  • Address 54 COLDWATER Road
  • City Waubaushene
  • Province Ontario
  • Postal Code L0K2C0
  • Area Victoria Harbour
  • Country Canada

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Jenny Domingos
  • Jenny Domingos