162 WILLAM Street , Port Stanley

10 Bed / 6 Bath / $699,913 / MLS® #:205937

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Welcome to the BEACH HOUSE! This freshly renovated 6-Unit Investment Property features 4 commercial units on the main floor and 2 very large luxury 3 bedroom residential units on the upper 2 floors, with lake views from the exterior deck (as well as harbour views from the 3rd level). Bigger than it looks, this property has over 11 rooms and 6 bathrooms. It even has its own parking lot right on the Port Stanley Strip where parking is a hot commodity. One of commercial units is currently rented, and the other 3 have just finished renovations. The two upper luxury 3 bedroom apartments (each with laundry) have been used as personal weekend get-away spots for the owner and rented on AIRBNB to generate additional income at over $1500/week each! Live in luxury right on the strip, open the store of your dreams in the summers and let the other units pay your mortgage! Appraised at $800,000 with a cap rate of 7.5 on potential income (full appraisal report avail upon request)., Directions:Turn left onto William Street and head toward the beach, property is on the right hand side., Exclusions:Everything is negotiable

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Property Details

Property Type Detached
Property Style 2.5 Storey
Square Feet
Property Tax $3,682
Maintenance N/A
Days On Our Website 16
Basement None - None
Kitchens 3
Garages
Pool None
Fireplaces
Air Conditioning No
Heating
Exterior Brick,Vinyl Siding
Garage Type N/A
Sewers N/A
Water Municipal-Metered

Listing Office: PEAK PROFESSIONALS REALTY INC.

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