415 Main Street, Georgian Bluffs, Ontario, N0H2K0
This multi-family property in Georgian Bluffs is for sale. It has been on the market 64 days, fresher than the Georgian Bluffs average of 106 days.
No similar listings for sale right now.
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$1,680,000
Georgian Bluffs
Great opportunity for Investment. Purchase a 10 Unit - 2 storey Apartment Building on approx 2.114 Acre of Land. 8 - 2 Bedroom and 2 - 1 Bedroom Units. Common area water & sewer $11,004/yr and Hydro $11,212/yr. Separate gas units in each apartment. Small, quiet community, attracts residents from neighboring towns. Central location between Owen Sound, Sauble Beach. Short drive located conveniently located on Hwy between Owen Sound and Sauble Beach. Septic system replaced 2 years ago. Price is based on 6.7% cap rate on CMHC income and expense standards. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 days on market, against an average age of 106 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 62 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This multi-family in Georgian Bluffs has been listed for 64 days, which is 42 days fresher than the city average of 106. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,680,000, about 19.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $328,163 (20% down, 25-yr amortization, stress-tested) — roughly 282% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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