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$499,000
Northern Bruce Peninsula
8 Helen Street, Northern Bruce Peninsula, Ontario, N0H1W0
This multi-family property in Northern Bruce Peninsula is for sale offering roughly 2,750 sq ft of space. It has been on the market 57 days, fresher than the Northern Bruce Peninsula average of 136 days.
Location is Prime! Here in the heart of Lion's Head, just a stroll to all amenities, including the sandy beach just across the street, this country inn has gone through some extensive renovations over the last three plus years. Property is formerly known as the Lion's Head Inn and Pub. One could live in one section and rent out the others. There is an opportunity to have two separate units for rental space. Main floor has living/dining/kitchen, foyer, washroom, laundry, and a three season sunroom. The 2nd level has three bedrooms, and a three piece bathroom. The second unit on the main floor has a living/dining area, kitchen, a three piece bathroom, laundry, and a bedroom. Two of the units will require some finishing touches. The upper level can possibly be used as a third unit. Each unit has been recently wired with its own electrical panel. Property makes for a great investment where you can live on site and have accommodations. Property has plenty of parking at the front, and on either side of the building. Taxes: $2553.00. Property measures 78 feet wide and is 165 feet deep. Ideal location and excellent investment opportunity. Property is located on a year round paved municipal road - right in the heart of Lion's Head. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 136 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 77 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 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 5-bed multi-family in Northern Bruce Peninsula has been listed for 57 days, which is 79 days fresher than the city average of 136. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 5.8× the local median household income of $86,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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Loading rates, 30-yr amortization
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