For Sale: 15 Victoria Lane, Bluewater, ON - REW
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$1,899,900
14 bd • 8 ba • 5000 - 99999 sf • Multifamily
15 Victoria Lane
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$1,899,900
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15 Victoria LaneBluewater, ON, N0M 2T0

  • 14 Bed
  • 8 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: MIKE SLOAN, Sales Representative, ROYAL LEPAGE TRILAND REALTY

Home facts and features

Price details
List Price
$1,899,900
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Gross Taxes for 2025
$8,467
Home facts
Bedrooms
14
Full Bathrooms
8
Parking Spaces
13
Parking Details
No Garage
Property Type
Multifamily
Depth
125 feet
Frontage
37.6 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Baseboard heaters, Electric
Cooling
Window air conditioner
Basement Details
Walk out,
Appliances
Dryer, Hood Fan, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
MIKE SLOAN
Primary Broker
ROYAL LEPAGE TRILAND REALTY
Listing details
Days on REW
69 Days
MLS® Number
X12945598
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Property Insights

St Boniface School
  • Catholic
  • JK - 8
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Call Agent
Sales Representative
MIKE SLOAN
Phone:
(519) 672-9880
Cell:
519-870-7650
Office:
519-672-9880
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