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$1,299,000
Available - For Sale
Listing ID: X10846723
Nestled in the heart of charming Southampton, this exceptional five-cottage court presents a rare investment opportunity. The property boasts a recently renovated home and four two bedroom, virtually all-new cottages, all built within the last five years. Each residence features a new poured concrete foundation with a four-foot crawlspace, ensuring durability and peace of mind. Every cottage is equipped with natural gas forced air heat and central air conditioning, providing optimal climate control and energy efficiency. Additionally, each unit has its own on-demand gas water heater. (Technically speaking: IBC SFC 199 SUPERFLO combo Boilers. IBC AHU 800 air handlers. Continental CT13 air-conditioners).The property also features a spacious, paved parking lot and a convenient laundry building with two stackable gas washers and dryers (Whirlpool- WGT4027HW). This low-maintenance property is perfect for investors seeking hassle-free management operated offsite, and its existing, reliable, long term tenants ensure steady rental income. The tranquil atmosphere and ideal location make it a desirable place to live, with Southampton's vibrant downtown core and stunning main beach just a stone's throw away. If you're seeking a long-term investment property with unparalleled potential, look no further. This cottage court offers a unique combination of modern comforts, prime location, and lucrative returns. Don't miss this exceptional opportunity! Be sure to click on the MULTIMEDIA or VIRTUAL TOUR BUTTON below!
Price $1,299,000
Taxes: $5,171.78
Assessment: $369000
Assessment Year: 2024
Occupancy by: Tenant
Address: 119 THOMPSON Lane , Saugeen Shores, N0H 2L0, Ontario
Postal Code: N0H 2L0
Province/State: Ontario
Legal Description: PART LOTS 1 AND 2 NORTH OF HIGH STREET P
Lot Size: 119.16 x 144.7 (Feet)
Directions/Cross Streets: From Downtown Southampton by the Post Office north on Grosvenor street one block to Thompson Lane th
Zoning: R1-3
Category: Accommodation
Use: Cabins/Cottages
Building Percentage: Y
Total Area: 2,000
Total Area Code:  Sq Ft
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Sewers: Sanitary
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Royal LePage D C Johnston Realty Brokerage

119 THOMPSON Lane , Saugeen Shores, N0H 2L0, Ontario


 
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Type: Com - Investment
Area: Bruce
Municipality: Saugeen Shores
Neighbourhood: Saugeen Shores
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Lot Size: 119.16 x 144.70(Feet)
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Tax: $5,171.78
Maintenance Fee: $0
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