Excellent low maintenance income property in A1 condition in North Bay. 7 year around rental apartments and cottages on 0.49 acre 63` beautiful sandy beach on Lake Nipissing. All units are completely upgraded throughout, new plumbing, flooring, new paint in and out.
Financials available on request. Parking, beach, Jacuzzi tubs. Full city services. All amenities close by. Shopping malls, restaurants, laundromat. New break water retaining wall. New driveway and interlock paved foot path to the beach. New windows and 30 year shingles in 2008/2009. C7 tourist commercial zoning. Turn key operation ready for investor or owner-operator !

ID 64 Property taxes $5,460. Asking price $865,000 ... REDUCED
Income property in Lucknow, north of London, north west of Kitchener-Waterloo, south of Kincardine.12 rental units in total, 9 apartments (1 one bdrm, 1 three bdrm 2 baths, 7 two bdrm), 3 commercial storefronts (400 sf and 800 sf and 600 sf); all apartments but one have laundry hookups,
stores with air conditioning and two piece restrooms (stores can be joined together or kept separate). All units with own hydro meters and hot water tanks. Municipal water and sewer cost included in taxes.
Modernized units with electrical, plumbing and window upgrades; older architecturally unique building.
Low vacancy rate. Parking, storage shed and deck. Front and rear entrance. Good net income.
ID 121 Property taxes $7,482. Asking price $445,000
38 plex with 6 commercial units on hwy 55 in Sudbury. High traffic area, highway 55. 0.9 acre lot. C2 commercial zoning. Sudbury has 2% vacancy, average rents are 1 bedrooms $800, 2 bedrooms $850 per month.
Currently all units are vacant, building is ready for renovations.

PROJECTED $355,560 per year and net income $234,545

The building is valued at $30k per unit in current condition and at $65k per unit once renovated and fully rented.
Seller can hold 1st or 2nd mortgage with 15% cash down.
ID 15 Property taxes $30,905. Asking price $1,095,000 negotiable ($600k ?)
Totally renovated 6 apartments building in fast growing town of Midland on Georgian Bay.
Municipal water. 2 septic systems. Furnishing in 3 apartments is included.
Electric heating but natural gas is on the street. Separate hydro meters.
Laminate and vinyl flooring. No rental equipment on the property. New appliances.
Metal roof 4 years old. Stucco and aluminum siding. Mature trees on the lot.
Forest at the end of street and marina on Georgian Bay steps away.
All amenities nearby. Great investment. Tenants staying long time.
All units rented. Come down to have a look ... and make an offer !

ID 72 Property taxes $3,600. Asking price $299,000 reduced again


On Georgian Bay Real Estate Inc.
RR2, PO Box 174, 33 Sallows Dr.
Victoria Harbour, ON L0K 2A0
Tel: 705 543 1341
Email: onGeorgianBay@Gmail.com
Web Site: http://www.onGeorgianBay.ca
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