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54 Coldwater Road Waubaushene, Ontario L0K 2C0

4 Bedroom 4 Bathroom 1975 sqft
None Baseboard Heaters

$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:49454)

Property Details

MLS® Number 40598915
Property Type Multi-family
Amenities Near By Marina, Place Of Worship, Schools
Community Features School Bus
Parking Space Total 6
Structure Shed

Building

Bathroom Total 4
Bedrooms Total 4
Basement Type None
Cooling Type None
Exterior Finish Vinyl Siding
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 1
Size Interior 1975 Sqft
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Marina, Place Of Worship, Schools
Sewer Septic System
Size Depth 268 Ft
Size Frontage 109 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1

https://www.realtor.ca/real-estate/26976395/54-coldwater-road-waubaushene