About this property

You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance.

Features & finishes

View

Fireplace

Air Conditioning

Basement

Property details

MLS® Number	X10402754
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,500 sq ft
Beds / Baths	8 bed · 6 bath
Neighbourhood	Saugeen Shores
City	Saugeen Shores
Postal Code	N0H 2C4
Province	ON
Listed Date	November 1, 2024
Brokerage	RE/MAX ADVANTAGE REALTY LTD.