<-- style PDP --> 15 Victoria Lane, Bluewater - Multiplex for sale for $1,899,900
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15 Victoria Lane

Bluewater, Ontario, N0M 2T0 - Zurich

$1,899,900

  • Neighbourhood

    Zurich

  • Major Intersection

    Mill Avenue

  • Listed Since: 91 day(s)

  • Last update: 30 day(s) ago

Overview

  • Property Type

    Multiplex, 3-Storey

  • Bedrooms

    14

  • Bathrooms

    8

  • Basement

    W/O

  • Kitchen

    8

  • Total Parking

    13

  • Lot Size

    37.5x125 (Feet)

  • Taxes

    $8,467.00 (2026)

  • Type

    Freehold

Property Description

Property description for 15 Victoria Lane, Bluewater

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, all UNITS fully leased! 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.

Listed by ROYAL LEPAGE TRILAND REALTY

  • MLS #

    X12945598

  • Sq. Ft

    5000 +

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private Triple

  • Garage

    None

  • Total Parking

    13

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Metal

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Baseboard

  • A/C

    Window Unit

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X12945598

  • Sq. Ft

    5000 +

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private Triple

  • Garage

    None

  • Total Parking

    13

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Metal

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Baseboard

  • A/C

    Window Unit

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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