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Central Elgin,ON N5L 1H9
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Rural Central Elgin
MLS Listing ID X12229320
Style Bungalow
Building Age 51-99
Annual Tax Amount $5,087
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Vacant Land
Property Description
Approved infill development for 8 Townhomes that currently cash flows! Currently 8 Rental Units, sitting on almost one full acre of land in the heart of Port Stanley, Currently rented year round, long term, happy tenants. A rare investment opportunity. Buildings consist of the Main house Rented through Air BNB, open concept, 3 bedroom, gas furnace, central air, large carport. The "Lodge" is a 2 story cement block cottage, open concept main level, 2nd story loft for sleeping with separate entrance. 6 Small homes, one bachelor, and 5 one bedrooms. All 7 detached units are heated by gas space heaters, with own hydro panels and water heaters.. The property also sits on 3 lots 44, 45, 46 that were recently serviced when the Street was redone. Buyer to make own inquiries as to future uses for severances and zoning for this 8 unit, 3 lot, 198,x201.94' property. Financials, measurements and zoning information are available from your Realtor under the documents tab. Being sold in as is where is condition
Location
Province ON
County Elgin
Community Rural Central Elgin
Area Elgin
Rooms
Kitchen 0
Interior
Interior Features Accessory Apartment
Exterior
Exterior Feature Paved Yard,Year Round Living
Parking Features Available
Waterfront Description None
View Trees/Woods
Roof Type Asphalt Shingle,Other
Topography Flat
Road Frontage Municipal Road,Paved Road,Year Round Municipal Road
Lot Frontage 198.0
Lot Depth 201.94
Total Parking Spaces 12
Building
Unit Features Beach,Lake Access
Foundation Concrete Block,Piers