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119 Thompson Lane Saugeen Shores, Ontario N0H 2L0

10 Bedroom 2000 sqft
Central Air Conditioning Forced Air

$1,299,000

Nestled in the heart of charming Southampton, this exceptional five-cottage court presents a rare investment opportunity. The property boasts a recently renovated home and four two bedroom, virtually all-new cottages, all built within the last five years. Each residence features a new poured concrete foundation with a four-foot crawlspace, ensuring durability and peace of mind.\r\nEvery cottage is equipped with natural gas forced air heat and central air conditioning, providing optimal climate control and energy efficiency. Additionally, each unit has its own on-demand gas water heater. (Technically speaking: IBC SFC 199 SUPERFLO combo Boilers. IBC AHU 800 air handlers. Continental CT13 air-conditioners).The property also features a spacious, paved parking lot and a convenient laundry building with two stackable gas washers and dryers (Whirlpool- WGT4027HW). This low-maintenance property is perfect for investors seeking hassle-free management operated offsite, and its existing, reliable, long term tenants ensure steady rental income. The tranquil atmosphere and ideal location make it a desirable place to live, with Southampton's vibrant downtown core and stunning main beach just a stone's throw away. If you're seeking a long-term investment property with unparalleled potential, look no further. This cottage court offers a unique combination of modern comforts, prime location, and lucrative returns. Don't miss this exceptional opportunity! Be sure to click on the MULTIMEDIA or VIRTUAL TOUR BUTTON below! (id:57975)

Property Details

MLS® Number X10846723
Property Type Business
Community Name Saugeen Shores
ParkingSpaceTotal 8
Structure Porch

Building

BedroomsTotal 10
Appliances Dryer, Refrigerator, Stove
BasementDevelopment Unfinished
BasementType Crawl Space (unfinished)
CoolingType Central Air Conditioning
ExteriorFinish Wood
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 2000 Sqft
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeIrregular Unit=119.16
SizeTotalText Unit=119.16|under 1/2 Acre
ZoningDescription R1-3

https://www.realtor.ca/real-estate/27502999/119-thompson-lane-saugeen-shores-saugeen-shores

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