Real Estate boards require that you sign in to see the full details of this property.Sign in to view images

15 Victoria Lane, Zurich, ON

Name: 15 Victoria Lane, For Sale in Zurich - eXp Realty
Brand: ROYAL LEPAGE TRILAND REALTY
SKU: X12945598
Price: 1899900 CAD

House

For Sale

$--,---,---

14813

MLS® X12945598

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size -

Garage None

Taxes $8,467

Days Active 15

Lot Size

Approx. Age

MLS® Number X12945598

Property Address: 15 Victoria Lane, Zurich, ON, N0M2T0

Average square foot calculated using Size range provided by listing agent.

Description

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, with one vacant 2-bedroom unit ideal for owner occupancy or immediate lease-up. 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.Show Description

MLS® NumberX12945598

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

BasementWalk-Out

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

Real estate boards require that you sign in to see the full details of this property. Log in or sign up to see price history.

Commute

Commute

Starting Address

Destination Address

Tour for free, no strings attached

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers

eXp Life Zoocasa Success Quebec Listings Accessibility

Terms and Conditions Privacy Policy Cookie Policy Modalités Politique de confidentialité Sitemap

800 - 1070 Douglas Street, Victoria, BC, V8W2C4

833-303-0610

[email protected]

eXp Realty.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. eXp Realty holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.