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Grimsby,ON L3M2M6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,099 sqft
Price per Sqft $1,000
MLS Listing ID X8468950
Bedrooms 6
Property Description
Do Not Miss 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 124 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. **** EXTRAS **** just off the QEW, near the lake and boasts great future development potential with some permits already in place. Situated on a huge corner lot, offers positive cash flow from the start, generating $8,000 per month in gross income. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Vinyl,Laminate
Fireplaces Number 1
Exterior
Garage No
Fence Fenced yard
Community Features School Bus
Waterfront No
View Y/N No
Building
Lot Description Landscaped
Sewer Sanitary sewer