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$1,099,000
Status: For Sale
This exceptional income-producing property offers over 8% cash flow with a gross annual revenue exceeding $96K. Fully tenanted on month-to-month leases, this property includes 3 kitchens, 3 laundries, 7 bedrooms, and 5 washrooms. Approved permits are in place to build a double-car garage with additional units, providing great expansion potential. The large 80 by 123 ft. yard offers a serene and private setting, ideal for relaxation or hosting outdoor gatherings.Located just minutes from the beautiful lakeside neighborhood of Bal Harbor, walk to Lake, Parks, Be part of an amazing, quiet, peaceful community. Easy access to Bell Park, recreational activities, the Bruce Trail, conservation areas, farmers markets, shopping, dining and wineries. Commuters will appreciate the quick access to the QEW. This property is a perfect blend of excellent rental income potential and a prime location.
Property Type | :Residential |
MLS Number | :40609688 |
Listing Type | :Sale |
Property Age | :51-99 Years years |
Possession Date | : |
Last Updated | :14 Aug, 2024 (41 Days ago) |
Source | :Mississauga |
Area | :Niagara |
City | :Grimsby |
Area Major | :Grimsby |
Area Minor | :Grimsby Beach (540) |
Postal Code | : L3M 2M6 |
Directions | :QEW to Bartlett Ave to Book Rd. |
Price | : $1,099,000 |
Property Taxes | :$4298 |
Tax Year | :2023 |
Bedrooms | :5 + |
No. of Rooms | :16 |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Cross Street | :Lake St. & Book Rd. |
Bathrooms | :5 |
Approx Square Footage | :2079 sqft |
Recreation Room | :7.70 m x 3.43 m |
Dining Room | :3.38 m x 2.82 m |
Bedroom | :2.77 m x 2.77 m |
Bedroom | :3.05 m x 3.05 m |
Bedroom | :3.45 m x 3.43 m |
Kitchen | :3.45 m x 2.79 m |
Kitchen | :2.51 m x 3.23 m |
Bedroom Primary | :4.04 m x 3.07 m |
Parking Space | :5 |
Basement | :Development Potential |
Park | :Park |
21 Jun, 2024
TREB #40609688
Listed
$1099000