For Sale: 15 Victoria Lane, Bluewater, ON - REW
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$1,599,900
14 bd • 8 ba • 5000 - 99999 sf • Multifamily
15 Victoria Lane
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$1,599,900
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15 Victoria LaneBluewater, ON, N0M 2T0

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

About this home

TURNKEY MULTIPLEX INVESTMENT IN ZURICH, ONTARIO! An exceptional opportunity to acquire a well-maintained, income-producing property featuring eight residential apartments plus tons of storage for additional appliances and maintenance supplies. Generating roughly $118,000 in annual net income, this property offers established rental income and straightforward management in the heart of Huron County. The building features six 2-bedroom apartments and two 1-bedroom apartments across three levels, including three upper-level units with private balconies. The additional workshop, multiple storage rooms, and dedicated meter room provide excellent functionality. All units are currently leased, with tenants paying their own hydro. Each unit is separately metered and includes owned appliances, including in-suite washers and dryers. Two large owned hot water heaters are also included. Annual operating expenses are approximately $16,000-$18,000. The property has been well maintained, with the metal roof and Insulbrick/vinyl exterior in excellent condition. Fire code requirements are up to date, landscaping is easy to maintain (no grass to cut!), and all debentures have been paid. Located just five minutes from Lake Huron's beautiful beaches and within convenient driving distance of Grand Bend, Exeter, and Bayfield, this is an outstanding opportunity to add a substantial, established multifamily investment to your portfolio without the expense of new construction. A rare opportunity to own a turnkey income-producing property along Ontario's West Coast! (id:63626)
Listed by: BRIDGET GATSCHENE, Salesperson, BLUE FOREST REALTY INC.

Home facts and features

Price details
List Price
$1,599,900
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Gross Taxes for 2026
$8,500
Home facts
Bedrooms
14
Full Bathrooms
8
Parking Spaces
13
Parking Details
No Garage
Property Type
Multifamily
Lot Size
37 ft x 125 ft (4687 ft²)
Depth
125 feet
Frontage
37.6 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Baseboard heaters, Electric
Cooling
Window air conditioner
Basement Details
Finished, Full, Apartment in basement, Separate entrance, , ,
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
Primary Broker
BLUE FOREST REALTY INC.
Secondary Agent
MARCUS PLOWRIGHT
Secondary Broker
BLUE FOREST REALTY INC.
Listing details
Days on REW
1 Day
MLS® Number
X14139578
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
Salesperson
BRIDGET GATSCHENE
Phone:
519-649-1888
Cell:
519-520-6230
Office:
519-649-1888
Salesperson
MARCUS PLOWRIGHT
Office:
519-649-1888
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