593 STOKES BAY ROAD, Northern Bruce Peninsula, Ontario, N0H2M0

Property Description

A familiar landmark in Stokes Bay, the building once known as the Copper Kettle Restaurant has been transformed into a 3-unit residential income property-a fantastic opportunity for investors or buyers looking for a home with built-in revenue. The triplex features: 1-bedroom unit currently rented at $525/month, a 2-bedroom unit currently rented at $600/month, and a 2-bedroom unit recently rented at $700/month. With two longer-term tenants and one newly occupied unit, this property offers stable income and the potential to grow your investment. Ideal for those who want to live in one unit while benefiting from tenants helping offset expenses. Located on the beautiful Bruce Peninsula, this property sits in the welcoming community of Stokes Bay, just a short drive to Lion's Head and Tobermory-home to incredible natural attractions, hiking, boating, and tourism demand. Whether you're expanding your real estate portfolio or searching for a practical home-plus-income solution, this unique and well-known property is worth a closer look. (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: None
• Living Area: 2,712 sq ft (252.0 m²)
• Parking: 5 spaces
• Frontage: 83 ft (25.1 m)

Costs

• Annual Taxes: $1,789.00

Listing Provided by: RE/MAX Grey Bruce Realty Inc.
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.