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Lambton Shores,ON N0N 1J2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Lambton Shores
MLS Listing ID X12392536
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,900
Tax Year 2024
Property Sub-Type Detached
Property Description
I wanted to bring an exciting investment opportunity to your attention: a 7-bedroom cottage just a two-minute walk from the sandy shores of Ipperwash Beach. This property is an excellent income-generating asset, having grossed $62,000 in rental income last year. The price also includes a separate vacant lot located behind the property. The home is truly turn-key and ready to start making you money. Recent updates include a steel roof, furnace, and air conditioning. The exterior has been freshly painted, and a new large upper deck has been added. The property also boasts deeded access to the beach, which is just a short walk away. The cottage features 7 bedrooms, 2 bathrooms, and 2 kitchens, making it ideal for rentals. It comes equipped with 2 refrigerators, 2 stoves, a washer, and a dryer. All furnishings are negotiable. Its excellent location ensures it's easily rentable in all seasons.
Location
Province ON
County Lambton
Community Lambton Shores
Area Lambton
Body of Water Lake Huron
Rooms
Family Room No
Basement None
Kitchen 2
Interior
Interior Features Propane Tank,Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Waterfront Description Indirect
Roof Type Metal
Topography Flat
Road Frontage Municipal Road,Year Round Municipal Road
Lot Frontage 96.0
Lot Depth 196.0
Total Parking Spaces 6
Building
Unit Features Lake Access
Foundation Block