15 Victoria Lane,Bluewater, ON N0M 2T0
Bluewater, ON N0M 2T0
Description
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!
Details
| MLS # | X14139578 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 8 |
| Listing Provided By | BLUE FOREST REALTY INC. | X14139578 411000 |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.11 |
Interior
| Interior Features | Workbench, Water Heater Owned, Upgraded Insulation |
|---|---|
| Cooling | Window Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch |
|---|---|
| Roof | Metal |
| Foundation Details | Poured Concrete |
| Construction Materials | Brick, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Triple |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 8500 |
|---|---|
| Tax Legal Description | PT LT 13 PL 320 ZURICH; PT LT 14 PL 320 ZURICH PTS 1 & 2, 22R1980; MUNICIPALITY OF BLUEWATER |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Huron |
| City | Bluewater |
| Postal Code | N0M 2T0 |
| Area | Zurich |
| Listing VS Median (in N0M 2T0) | |
Price: $1,599,900 low | high Med: $449,700 On site: 8 low | high Med: 207 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Huron |
| City | Bluewater |
| Postal Code | N0M 2T0 |
| Area | Zurich |
| Listing VS Median (in N0M 2T0) | |
Price: $1,599,900 low | high Med: $449,700 On site: 8 low | high Med: 207 | |