12
See all 12 photos
$699,000
Est. payment /mo
4 Beds
4 Baths
New
54 Coldwater RD Tay, ON L0K 2C0
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Waubaushene
MLS Listing ID S12178961
Style Bungalow
Bedrooms 4
Building Age 51-99
Annual Tax Amount $4,798
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Discover an exceptional investment opportunity with this turnkey fourplex, ideally situate on a spacious lot in Waubaushene, just moments from the picturesque Georgian Bay. Each unit had extensive interior renovations completed in 2023 including adding ensuite laundry to each unit. Each unit is individually metered for hydro, minimizing your expenses as the owner. With no shared interior common areas, your only utility expense consideration is water. This property comprises of four charming one-bedroom units, with three units currently leased at competitive rates, and one unit left vacant for a future buyer who can choose to move into the unit or rent it out at market rents. With ample parking and an expansive lot, this gem also features a modernized septic system installed in 2018. The vast lot offers exciting possibilities for potential re-zoning and building additional units - subject to Buyer doing all of their own due-diligence. Conveniently located near marinas and the scenic Tay Trail, this property offers easy access to Hwy 400 for effortless commutes to Barrie or Orillia. Furthermore, the seller offers a Vendor Take Back (VTB) option and one year of complimentary property management, making this already lucrative investment opportunity even more enticing.
Location
Province ON
County Simcoe
Community Waubaushene
Area Simcoe
Rooms
Family Room No
Basement None
Kitchen 8
Interior
Interior Features Carpet Free, Water Heater Owned, Separate Hydro Meter, Primary Bedroom - Main Floor
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private Double
Pool None
Roof Type Tar and Gravel
Lot Frontage 91.83
Lot Depth 268.0
Total Parking Spaces 6
Building
Unit Features Beach,Marina,School,School Bus Route,Place Of Worship,Lake/Pond
Foundation Slab
Listed by REAL BROKER ONTARIO LTD.