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54 Coldwater Road Tay, Ontario L0K 2C0

4 Bedroom 4 Bathroom
Bungalow Baseboard Heaters

$724,999

Discover an exceptional investment opportunity with this turnkey fourplex, ideally situate on a spacious lot in Waubaushene, just moments from the picturesque Georgian Bay. Each unit has undergone extensive interior renovations and is individually metered for hydro, minimizing your expenses as the owner. With no share common areas, your only utility expense consideration is water.This property comprises of four charming one-bedroom units, all currently leased at competitive rates, yielding an impressive annual income of $66,000. With ample parking and an expansive lot, this gem also features a modernized septic system installed in 2018. The vast lot offers exciting possibilities for potential re-zoning and building additional units - subject to Buyer doing all of their own due-diligence.Conveniently located near marinas and the scenic Tay Trail, this property offers easy access to Hwy 400 for effortless commutes to Barrie or Orillia. Furthermore, the seller offers a Vendor Take Back (VTB) option and one year of complimentary property management, making this already lucrative investment opportunity even more enticing. (id:53086)

Property Details

MLS® Number S8395812
Property Type Single Family
Community Name Waubaushene
Amenities Near By Beach, Marina, Schools, Place Of Worship
Community Features School Bus
Features Carpet Free
Parking Space Total 6
Structure Drive Shed

Building

Bathroom Total 4
Bedrooms Above Ground 4
Bedrooms Total 4
Amenities Separate Electricity Meters
Appliances Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer
Architectural Style Bungalow
Exterior Finish Vinyl Siding
Foundation Type Slab
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 1
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Beach, Marina, Schools, Place Of Worship
Sewer Septic System
Size Depth 268 Ft
Size Frontage 108 Ft
Size Irregular 108.9 X 268 Ft
Size Total Text 108.9 X 268 Ft|under 1/2 Acre
Surface Water Lake/pond
Zoning Description R1

Rooms

Level Type Dimensions

Utilities

Cable Available
Sewer Installed

https://www.realtor.ca/real-estate/26976472/54-coldwater-road-tay-waubaushene