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Lambton Shores,ON N0M 1T0
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X9300267
Style 1 1/2 Storey
Bedrooms 6
Annual Tax Amount $3,979
Tax Year 2024
Property Description
INVESTORS! 4 cottage complex is situated just a block from the North Beach downtown and is a money maker! 98% occupancy with many repeat clients. The 3 bedroom includes the loft as 3rd bedroom, gas fireplace, cathedral ceiling, 4 piece bathroom with laundry and is the largest unit. The 2 bedroom unit with gas fireplace also includes a loft as a bedroom that kids love. The one bedroom is very cozy & a bachelor apartment are currently rented to year round excellent tenants. All units have appliances, a/c, bbqs, satellite TV, parking spots, 200 amps service & are fully furnished and winterized. A major renovation 18 years ago and more recently - new porches on 1, 2, & 3; replaced interior stairs in 2 & 3; new bathrooms in 2, 3, & bachelor; new kitchen in 2 & studio; upgraded insulation in basement; a new rental water heater/boiler! The boiler heats the two smaller units and is very efficient. Baseboard electric and gas fireplaces heat the larger units. This is a great investment opportunity. Utilities $8891. Rents $1600/1200/ weekly and similar pricing for winter tenants monthly. The two smaller units are $1000 all inclusive monthly.
Location
Province ON
County Lambton
Rooms
Family Room Yes
Basement Unfinished
Kitchen 4
Interior
Interior Features Storage
Cooling Wall Unit(s)
Fireplaces Type Natural Gas
Fireplace Yes
Exterior
Exterior Feature Deck,Year Round Living
Garage Front Yard Parking
Garage Spaces 4.0
Pool None
Waterfront No
Waterfront Description WaterfrontCommunity
Roof Type Asphalt Shingle
Topography Flat
Parking Type None
Total Parking Spaces 4
Building
Foundation Concrete,Wood