396 Oxford Avenue, Crystal Beach, ON, L0S 1B0
Location, location, location! Amazing opportunity for a triplex on a double lot with a 2 car garage! This investment really is ideal. Large units in a solid building, moments from the beach, restaurants and shopping. Main floor features a large 3 bedroom apartment that is currently vacant. Both upper apartments are spacious and feature 3rd floor walkups and 2 bedrooms each. Each with their own hydro meter. Lower unit also has gas with a gas forced air furnace. This triplex has been maintained well, and is solid with a newer roof. With some updating this property could be really awesome and very easy to rent. Large detached 2 car garage provides additional rental opportunity or added benefit for owner and/or tenant. This would make a great opportunity to owner occupy the main floor and have 2 tenants assist with paying the mortgage! Even to use the main floor as a summer getaway and have the rent subsidize it? A perfect way to start your real estate portfolio! Lower unit is currently vacant and has been owner occupied in the past. Expenses show account for the hydro and gas bills for this unit which in theory, could be the responsibility of the next tenant, reducing expenses even further. Upper rear rent has the hydro included, although it does have a separate meter. Current cap rate projected to be 6.3% once main floor is occupied. The rental market remains strong, and Crystal Beach is an area experiencing a rejuvenation, so this may be an opportunity you've been waiting for?
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
- 519-667-1800
- 519-667-1958
- melvetero@rogers.com
- Property Address: 396 Oxford Avenue, Crystal Beach, ON, L0S 1B0
- Property Type: Residential Income
- Zoning Description: R2B
- Sewage Type: Sewer (Municipal)
- Water Type: Municipal
- Driveway: Private Drive Triple+ Wide, Private Drive Triple+ Wide
- Waterfront Type: false
- Maintenance Fee: 0.00
- Storeys: 2
- Building Age: 1921
- Bedrooms: 7
- Bathrooms: 3-Total
- Basement Type: Crawl Space, Unfinished
- Cooling: Window Unit(s)
- Exterior Type: Aluminum Siding, Hardboard, Metal/Steel Siding, Vinyl Siding, Wood Siding
- Appliances Included: Water Heater, Hot Water Tank Owned, Refrigerator, Stove
- Structures: Multi-3 Unit
- Year Round Living
- In-law Capability
- Separate Heating Controls
- Separate Hydro Meters
- Water Meter
- Main Level
- Urban
- Rectangular
- Ample Parking
- Arts Centre
- Beach
- Dog Park
- Library
- Park
- Place of Worship
- Playground Nearby
- Public Transit
- School Bus Route
- Schools
- Shopping Nearby
- Trails
- Detached Garage
- Asphalt
- Porch
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Listing Offices: ROYAL LEPAGE NRC REALTY
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Attention Investors !! This 4 Plex has three (3)- 2...
- 7 Beds
- 4 Baths
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