March 25, 2024
- 10 min read
502 Bruce Street South Bruce Peninsula, Ontario N0H 1P0
$439,900
2,606 ft2
Hot Water Radiator Heat
This fully rented triplex is a fantastic opportunity for investors seeking a low-maintenance, income-generating property in the charming community of Hepworth. Featuring three spacious 2-bedroom, 1-bath units, each offering generous living space, this property is already delivering strong returns with a total annual income of $38,940.Tenants appreciate the updates and thoughtful layout: Unit 1: Fully renovated in 2023 rented at $1,300/month, Unit 2: Bathroom updated in 2021 rented at $1,000/month, Unit 3: Rented at $945/month. Recent upgrades include exterior masonry work (2021), a new boiler (2022), and a freshly re-graveled driveway in 2025. Two of the units (both main floor) include private garage spaces, and there's ample parking for all. The expansive backyard offers extra appeal for tenants and future value potential. With annual expenses of just $10,733, this property offers a solid net income and reliable cash flow from day one. Don't miss this opportunity to add a well-maintained, fully occupied triplex to your investment portfolio! (id:36109)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12248749 |
| Property Type | Multi-family |
| Community Name | South Bruce Peninsula |
| Features | Irregular Lot Size |
| Parking Space Total | 4 |
Building
| Appliances | Dryer, Washer |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 2,606 Ft2 |
| Type | Multi-family |
Land
| Acreage | No |
| Size Depth | 264 Ft |
| Size Frontage | 64 Ft |
| Size Irregular | 64 X 264 Ft |
| Size Total Text | 64 X 264 Ft |
| Zoning Description | C1a |
INQUIRE ABOUT
502 Bruce Street
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RE/MAX Grey Bruce Realty Inc.
June 27 2025 02:14:25
