54 Coldwater Rd

Invest in this fantastic turn key single-story fourplex situated on a spacious lot in Waubaushene, offering a prime opportunity near the stunning Georgian Bay. Each unit has been individually metered for hydro and underwent extensive interior renovations. There are no common areas in the building, so you only need to factor in water as a monthly utility expense. The property comprises four one-bedroom units, three currently occupied at competitive market rental rates, and one vacant unit available with possibility of generating an annual income of $66,000 once vacant unit rented out. This investment gem boasts ample parking, with no parking assigned or included in any tenant's current lease, an expansive lot, and an updated septic bed in 2018. Conveniently located near marinas, the Tay Trail for hiking and cycling enthusiasts, and with easy access to Hwy 400 for an effortless commute to Barrie or Orillia. Vendor Take Back (VTB) mortgage / seller financing available, plus one year of free property management included.

Beach, Lake/Pond, Marina, Place Of Worship, School, School Bus Route