54 Coldwater Road Tay, Ontario L0K 2C0
$724,999
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:27910)
Property Details
| MLS® Number | S8395812 |
| Property Type | Single Family |
| Community Name | Waubaushene |
| Amenities Near By | Beach, Marina, Schools, Place Of Worship |
| Community Features | School Bus |
| Features | Carpet Free |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer |
| Architectural Style | Bungalow |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Slab |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Beach, Marina, Schools, Place Of Worship |
| Sewer | Septic System |
| Size Irregular | 108.9 X 268 Ft |
| Size Total Text | 108.9 X 268 Ft|under 1/2 Acre |
| Surface Water | Lake/pond |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
Utilities
| Cable | Available |
| Sewer | Installed |
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June 15 2024 09:31:27
Toronto Real Estate Board
Real Broker Ontario Ltd.