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Basic Information
Location
Property Details
Utility Information
Financial Details
Detail | Amount |
---|---|
List Price | $1,150,000 |
Annual Tax Amount (2023) | $3,979 |
Property Features & Amenities
Property Location
Lambton Shores (Grand Bend) Property Description
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:58062)