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415 MAIN STREET, Georgian Bluffs — listed at $1,680,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Great opportunity for Investment. Purchase a 10 Unit - 2 storey Apartment Building on approx 2.114 Acre of Land. 8 - 2 Bedroom and 2 - 1 Bedroom Units. Common area water & sewer $11,004/yr and Hydro $11,212/yr. Separate gas units in each apartment. Small, quiet community, attracts residents from neighboring towns. Central location between Owen Sound, Sauble Beach. Short drive located conveniently located on Hwy between Owen Sound and Sauble Beach. Septic system replaced 2 years ago. Price is based on 6.7% cap rate on CMHC income and expense standards. (id:60164)
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $1,680,000, standout features include 2 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Who is 415 MAIN STREET best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,020, heating is hot water radiator heat, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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