$1,599,900
Bluewater
15 Victoria Lane, Bluewater (Zurich), Ontario, N0M2T0
This multi-family property in Bluewater is for sale. It has been on the market 2 days, fresher than the Bluewater average of 118 days.
TURNKEY MULTIPLEX INVESTMENT IN ZURICH, ONTARIO! An exceptional opportunity to acquire a well-maintained, income-producing property featuring eight residential apartments plus tons of storage for additional appliances and maintenance supplies. Generating roughly $118,000 in annual net income, this property offers established rental income and straightforward management in the heart of Huron County. The building features six 2-bedroom apartments and two 1-bedroom apartments across three levels, including three upper-level units with private balconies. The additional workshop, multiple storage rooms, and dedicated meter room provide excellent functionality. All units are currently leased, with tenants paying their own hydro. Each unit is separately metered and includes owned appliances, including in-suite washers and dryers. Two large owned hot water heaters are also included. Annual operating expenses are approximately $16,000-$18,000. The property has been well maintained, with the metal roof and Insulbrick/vinyl exterior in excellent condition. Fire code requirements are up to date, landscaping is easy to maintain (no grass to cut!), and all debentures have been paid. Located just five minutes from Lake Huron's beautiful beaches and within convenient driving distance of Grand Bend, Exeter, and Bayfield, this is an outstanding opportunity to add a substantial, established multifamily investment to your portfolio without the expense of new construction. A rare opportunity to own a turnkey income-producing property along Ontario's West Coast! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 2 days on market, against an average age of 118 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 71 days on the market over the past year, against a median of 48 days across the markets we publish.
This 14-bed multi-family in Bluewater (Zurich) has been listed for 2 days, which is 116 days fresher than the city average of 118. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,599,900, about 17.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $312,516 (20% down, 25-yr amortization, stress-tested) — roughly 243% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
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