162 WILLIAM Street, Port Stanley ON

$ 699,913.00

MLS# 205945

• Commercial

Welcome to the BEACH HOUSE! This freshly renovated 6-Unit Investment Property features 4 commercial units on the main floor and 2 very large luxury 3 bedroom residential units on the upper 2 floors, with lake views from the exterior deck (as well as harbour views from the 3rd level). Bigger than it looks, this property has over 11 useable rooms and 6 bathrooms. It even has its own parking lot right on the Port Stanley Strip where parking is a hot commodity. One of commercial units is currently rented, and the other 3 have just finished renovations. The two upper luxury 3 bedroom apartments (each with laundry) have been used as personal weekend get-away spots for the owner and rented on AIRBNB to generate additional income at over $1500/week each! Live in luxury right on the strip, open the store of your dreams in the summers and let the other units pay your mortgage! Appraised at $800,000 with a cap rate of 7.5 on potential income (full appraisal report avail upon request).

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BROKERED BY: PEAK PROFESSIONALS REALTY INC.


Facts & Features

Type
Multi-Family/Investment,Office(s),Retail, Building and Land
Water
Municipal-Metered
Heating
Forced Air-Gas
Lot
3385 sqft.
Price/Sqft.
$206.77
Parking
Unknown
Days on LetsLook
63

Property Details

  • Area: Elgin County Central Elgin (Muni)
  • Assessed Value: $0.00
  • Fronting: West
  • Taxes: $6,782.00 in 2018
  • Basement: No

Interior

  • Heat Secondary: Forced Air-Gas

Exterior

  • Finish: Brick,Vinyl Siding
  • Foundation:
  • Garage: No

Services

  • At Lot Line-Gas
  • At Lot Line-Hydro
  • At Lot Line-Municipal Sewer
  • At Lot Line-Municipal Water
  • Cable
  • Cell Service
  • Electricity
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Internet Other
  • Natural Gas
  • Recycling Pickup
  • Street Lights
  • Telephone
  • Underground Wiring

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162 WILLIAM Street, Port Stanley ON N5L 1E4



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