For Sale: 623 Frank Street, South Bruce Peninsula, ON - REW
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$610,000
5 bd 2 ba 2000 - 2499 sf Multifamily

623 Frank StreetSouth Bruce Peninsula, ON, N0H 2T0

  • 5 Bed
  • 2 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

Investment Opportunity in Wiarton. Discover an excellent investment opportunity at 623 Frank Street in Wiarton, ideally situated just one block from the shores of beautiful Colpoys Bay and close to downtown amenities and Bluewater Park.This well-positioned duplex features two separate units, including a spacious 2-bedroom unit and a 3-bedroom unit, offering flexibility for investors or those looking to live in one unit while generating rental income from the other. The lower unit was renovated approximately 10 years ago and provides a comfortable living space for tenants. With tenants responsible for their own heat and hydro, this property offers an attractive setup for a landlord looking to keep operating costs manageable. Adding even more potential, the property is zoned to allow for additional units at the rear, providing an exciting opportunity to explore future development and increase the property's income potential, subject to municipal approvals. Located within easy reach of downtown Wiarton, Bluewater Park, Colpoys Bay, shopping, restaurants, and local amenities, this is a property with both immediate rental appeal and long-term potential. A versatile investment in a desirable Wiarton location-with income already in place and room to grow. (id:63626)
Listed by: MIKE SMITH, Salesperson, Sutton-Sound Realty

Home facts and features

Price details
List Price
Gross Taxes for 2025
$3,850
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
180 feet
Frontage
103.0 feet
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Unfinished,
Appliances
Dryer, Refrigerator, Stove, Washer, Water meter
Agent details
Primary Agent
MIKE SMITH
Primary Broker
Sutton-Sound Realty
Secondary Agent
Secondary Broker
Sutton-Sound Realty
Listing details
Days on REW
5 Days
MLS® Number
X13701400
Source
Canadian Real Estate Association
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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Peninsula Shores School
  • Public
  • JK - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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