162 WILLIAM Street , Port Stanley

Bed / $699,913 / MLS® #:205945

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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 useable 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:Take Sunset into Port Stanley, turn right at the main lights and head over the lift bridge. Turn left onto William and head towards the beach. Property is on the right hand side, Exclusions:

Property Details

Property Type Multi-Family/Investment,Office(s),Retail
Property Style N/A
Square Feet
Property Tax $6,782
Maintenance N/A
Days On Our Website 16
Basement
Kitchens
Garages
Pool N/A
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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