Approved infill development for 8 Townhomes that currently cash flows! Currently 8 Rental Units, sitting on almost one full acre of land in the heart of Port Stanley, Currently rented year round, long term, happy tenants. A rare investment opportunity. Buildings consist of the Main house Rented through Air BNB, open concept, 3 bedroom, gas furnace, central air, large carport. The "Lodge" is a 2 story cement block cottage, open concept main level, 2nd story loft for sleeping with separate entrance. 6 Small homes, one bachelor, and 5 one bedrooms. All 7 detached units are heated by gas space heaters, with own hydro panels and water heaters.. The property also sits on 3 lots 44, 45, 46 that were recently serviced when the Street was redone. Buyer to make own inquiries as to future uses for severances and zoning for this 8 unit, 3 lot, 198,x201.94' property. Financials, measurements and zoning information are available from your Realtor under the documents tab. Being sold in as is where is condition
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Home Style:
Bungalow
Approx. Age:
51-99
Lot Size:
.50-1.99
Depth:
201'11"61.6 m
Frontage:
198'60.4 m
Lot Shape:
Rectangular
Topography:
Flat
Direction Faces:
South
Bedrooms:
0
Bathrooms:
0.0
Water supply:
Municipal
Kitchens:
0
Zoning:
R1-67, R1-68
Foundation:
Concrete Block, Piers
Roof:
Asphalt Shingle, Other
Garage:
None
Garage Spaces:
0.0
Parking Features:
Available
Parking Spaces:
12
Total Parking Spaces:
12.0
Possession Details:
Immediate Sub Tenant
HST Applicable To Sale Price:
In Addition To
Assessment:
$304,000
Assessment Year:
2024
Development Charges Paid:
No
Taxes:
$5,087 /
2024
Assessment:
$304,000.00 /
2024
Central Elgin
Rural Central Elgin
Elgin
Beach, Lake Access
Accessory Apartment
Paved Yard, Year Round Living
Aluminum Siding, Board & Batten
None
Trees/Woods
Municipal Road, Paved Road, Year Round Municipal Road
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.