593 STOKES BAY ROAD

Northern Bruce Peninsula Ontario N0H2M0

$399,900

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Address

Street Address
593 STOKES BAY ROAD
City
Northern Bruce Peninsula
Province
Ontario
Postal Code
N0H2M0
Country
Canada
Community Name
Northern Bruce Peninsula

Property Features

Listing ID
X12584438
Property Type
Business

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:2494)

Property Details

ID
29145131
Equipment Type
Water Heater
Location Description
Cross Streets: Stokes Bay Road and Stokes River Road. ** Directions: North on Highway 6 to Ferndale, at main intersection, turn left and proceed on Bruce Road 9 to Stokes Bay Road, turn right onto Stokes Bay Road and head north. Follow to where the road turns right, turn right and follow to #593 on left hand side.
Parking Space Total
5
Price
399,900
Rental Equipment Type
Water Heater
Transaction Type
For sale
Zoning Description
C4

Building

Appliances
Dryer, Washer
Cooling Type
None
Size Interior
2712 sqft

Land

Size Total Text
82.47 x 110.73 FT
Size Frontage
82 ft ,5 in
Sewer
Septic System
Size Depth
110 ft ,8 in
Size Irregular
82.47 x 110.73 FT
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Listing Office: RE/MAX Grey Bruce Realty Inc.

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