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Josee Savard

josee@savardrealty.com +1(249) 877-4045

$1,899,900

Est. payment - /mo

14 Beds

8 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Zurich

MLS Listing ID X12945598

Style 3-Storey

Bedrooms 14

Annual Tax Amount $8,467

Tax Year 2026

Property Sub-Type Multiplex

Property Description

ATTENTION INVESTORS! Exceptionally easy to manage 6-Cap 8-Plex opportunity generating approximately $120,000 in annual net income: a true Huron County money maker just minutes from Grand Bend, Exeter, and Bayfield, and one of the most effortlessly run rental properties along Ontario's West Coast! This 9-unit multiplex consists of 8 residential apartments plus a superintendent's workshop unit with plumbing, all in excellent condition and fully functional in terms of fixtures and chattel. Currently, 7 units are occupied by long-standing, happy tenants, with one vacant 2-bedroom unit ideal for owner occupancy or immediate lease-up. In total, the building offers six 2-bedroom units, two 1-bedroom units, plus the workshop unit, along with multiple storage rooms and a dedicated meter room. All nine units are separately metered for hydro, simplifying management and expenses. The thoughtfully designed layout includes a 1-bed and 2-bed unit on the ground level, a 1-bed and two 2-bed units on the main level, and three 2-bed units with balconies on the upper level. Every unit is equipped with owned appliances, including in-suite washers & dryers, a fan-favorite feature among tenants. Two large owned hot water heaters are also included. Tenants pay hydro, and operating costs are remarkably low at approximately $15,000-$17,000 annually, resulting in strong and reliable net income for an 8-plex plus workshop unit. All fire code requirements are up to date, the metal roof and insulbrick/vinyl exterior are in excellent condition, and both landscaping and maintenance are refreshingly simple. All debentures have been paid! Located in the heart of Zurich, Ontario, just five minutes from beautiful Lake Huron beaches, this property represents incredible value when compared to today's replacement construction costs. As a turnkey, mindless money-maker and a rare 6-cap income property that stands out among recent multi-plex sales in Huron County, this opportunity will not last long.

Location

Province ON

County Huron

Area Huron

Zoning C5 - Municipality of Bluewater

Rooms

Family Room Yes

Basement Walk-Out

Kitchen 8

Interior

Interior Features Workbench, Water Heater Owned, Upgraded Insulation

Cooling Window Unit(s)

Inclusions Refrigerator X 8, Stove X 8, Hood Vents X 8, Washer X 8, Dryer X 8, Hot Water Owned X 2, Workbench, Shed, 2 X Dehumidifiers

Exterior

Exterior Feature Porch

Parking Features Private Triple

Pool None

Roof Type Metal

Lot Frontage 37.5

Lot Depth 125.0

Total Parking Spaces 13

Building

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN Yes

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Listed by ROYAL LEPAGE TRILAND REALTY

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Josee Savard

+1(249) 877-4045

15 Victoria LN Bluewater, ON N0M 2T0

Josee Savard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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