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Land For Sale396 Oxford Avenue Crystal Beach, Ontario L0S 1B0
$629,900
Location, location, location! Amazing opportunity for a triplex on a double lot with a 2 car garage! This investment really is ideal. Large units in a solid building, moments from the beach, restaurants and shopping. Main floor features a large 3 bedroom apartment that is currently vacant. Both upper apartments are spacious and feature 3rd floor walkups and 2 bedrooms each. Each with their own hydro meter. Lower unit also has gas with a gas forced air furnace. This triplex has been maintained well, and is solid with a newer roof. With some updating this property could be really awesome and very easy to rent. Large detached 2 car garage provides additional rental opportunity or added benefit for owner and/or tenant. This would make a great opportunity to owner occupy the main floor and have 2 tenants assist with paying the mortgage! Even to use the main floor as a summer getaway and have the rent subsidize it? A perfect way to start your real estate portfolio! Lower unit is currently vacant and has been owner occupied in the past. Expenses show account for the hydro and gas bills for this unit which in theory, could be the responsibility of the next tenant, reducing expenses even further. Upper rear rent has the hydro included, although it does have a separate meter. Current cap rate approx. 5.4% with an opportunity to be 6.1% if next main floor tenant pays their own bills. The rental market remains strong, and Crystal Beach is an area experiencing a rejuvenation, so this may be an opportunity you've been waiting for? (id:36938)
Property Details
| MLS® Number | 40381781 |
| Property Type | Multi-family |
| Amenities Near By | Beach, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | School Bus |
| Features | Park/reserve, Beach, Paved Driveway |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Appliances | Water Meter |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1921 |
| Construction Material | Wood Frame |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Metal, Vinyl Siding, Wood, Hardboard |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 3200 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Beach, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 85 Ft |
| Size Frontage | 69 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2b |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25316164/396-oxford-avenue-crystal-beach
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May 26 2023 10:22:03
Niagara Association of REALTORS®
Royal LePage NRC Realty