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$599,000
Bluewater
34 Queen Avenue, Bluewater (Stanley), Ontario, N0M1J0
This multi-family property in Bluewater is for sale offering roughly 1,750 sq ft of space.
Turnkey legal duplex with strong income potential, situated on a spacious double lot in the quiet community of Brucefield. This is a rare opportunity for investors, buyers seeking a mortgage helper, multigenerational living, or a primary residence. The possibilities are endless. Ideally located within 15 to 30 minutes of Goderich, Bayfield, and Grand Bend along the Lake Huron shoreline.The upper unit offers fully above-grade, renovated living with 3 bedrooms, a kitchen, family room, laundry, a 4-piece bathroom, a 2-piece bathroom, and access to an attached double-car garage for parking or additional storage.The fully renovated lower-level unit features large windows offering excellent natural light, 3 bedrooms, a full bathroom, kitchen, living room, and laundry. Both units are self-contained and include ample shared driveway parking, individual hot water heaters, and appliances. The upper unit is currently tenanted for immediate income, while the vacant lower unit allows for owner occupancy or additional rental potential. Vacant possession may also be available, offering flexibility for buyers who want to move right in, accommodate extended family, or create a multigenerational living setup.Recent updates include all new windows, a metal roof completed in 2023, and extensive lower-unit renovations. Income and expense statements, along with a full list of improvements, are available. A solid and flexible investment opportunity. Book your showing today! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 195 days on market, against an average age of 85 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 72 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Bluewater (Stanley) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 6.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.