Prop. Type:
Residential Income
Opportunity to acquire a fully tenanted, income-generating property with an approved development permit for the southern portion. The northern portion consists of six updated, 3-bedroom, 2-bathroom, two-level townhomes, some with ocean views. Enjoy steady rental income while developing the southern portion, which has approval for a 33-unit, three-story residential building over a concrete parking garage, with many units offering ocean views. The Township is currently reviewing and amending its Official Community Plan. There is potential for rezoning the northern portion to allow for increased density and redevelopment opportunities.
General Info:
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
Two Levels
Common Interest:
Condominium
Manufactured Type:
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Year built:
1972
(Age: 53)
Living Area:
7,200 sq. ft. 669 m2
Floor Area - Unfinished:
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Floor Area - Detached 2nd Residence:
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Building Area - Total:
7,200 sq. ft. 669 m2
Levels:
Two
Rainscreen:
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Bedrooms:
3
(Above Grd: 3)
Bathrooms:
2.0
(Full:1/Half:1)
Kitchens:
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Rooms:
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Num Storeys:
2
Taxes:
$16,241 /
2023
Lot Area:
41,595 sq. ft. 3,864 m2
Lot Frontage:
131' 39.9 m
Lot Details:
131 x IRR
Exposure / Faces:
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Rear Yard Exposure:
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Outdoor Area:
Fenced
Pad Rental:
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# or % of Rentals Allowed:
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Water Supply:
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Plan:
LMS3793
Additional Info:
Construction Materials:
Frame Wood, Fibre Cement (Exterior)
Foundation:
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Basement:
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Full Height:
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Crawl Height:
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Roof:
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No. Floor Levels:
2.0
Floor Finish:
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Floor Area Fin - Above Grade:
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Floor Area Fin - Above Main:
3,600 sq. ft. 334 m2
Floor Area Fin - Above Main 2:
0 sq. ft. 0 m2
Floor Area Fin - Main:
3,600 sq. ft. 334 m2
Floor Area Fin - Below Main:
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Floor Area Fin - Below Grade:
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Floor Area Fin - Basement:
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Floor Area Fin - Total:
7,200 sq. ft. 669 m2
Heating:
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Fireplaces:
0
Parking Features:
Open
Parking:
Open
# Of Parking Spaces - Total:
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# Of Covered Spaces:
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Parking Total/Covered:
6 / -
Title to Land:
Freehold Strata
Flood Plain:
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Suite:
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Security Features:
No Fire Sprinkler System, Smoke Detector(s)
Features Included:
Smoke Detector(s)
Features Included:
Smoke Detector(s)
Other Details:
Council Approval:
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Income Per Annum:
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Oper. Expenses:
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Net Operating Income:
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Association Fee:
$.00
Age Restrictions:
No
By-Law Infractions:
.
Tax Utilities Included:
false
By-Law Restrictions:
Pets Allowed With Restrictions
Dist to Public Trans:
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Dist to School Bus:
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Property Disclosure:
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Fixtures Leased:
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Fixtures Removed:
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Pets Allowed:
Yes With Restrictions
# Units Total:
6
# 3Bdrm Units:
6
# Units in Development:
6
Home Owners Association:
Yes
Land Info:
Land Lease:
No
Zoning:
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Access to property:
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Utilities:
Electricity Connected, Water Connected
Telephone Service:
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Fencing:
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Sewer:
Sanitary Sewer
Plumbing Details:
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Sketch Attached:
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Restrictions:
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