$1,299,000
FOR SALE

Multiplex

Bedrooms: 10Lot: 119 x 0 ft

119 Thompson Lane
Southampton, ON N0H 2L0

Nestled in the heart of charming Southampton, this exceptional five-cottage court presents a rare investment opportunity. The property boasts a recently renovated home and four two bedroom, virtually all-new cottages, all built within the last five years. Each residence features a new poured concrete foundation with a four-foot crawlspace, ensuring durability and peace of mind. Every cottage is equipped with natural gas forced air heat and central air conditioning, providing optimal climate control and energy efficiency. Additionally, each unit has its own on-demand gas water heater. (Technically speaking: IBC SFC 199 SUPERFLO combo Boilers. IBC AHU 800 air handlers. Continental CT13 air-conditioners).The property also features a spacious, paved parking lot and a convenient laundry building with two stackable gas washers and dryers (Whirlpool- WGT4027HW). This low-maintenance property is perfect for investors seeking hassle-free management operated offsite, and its existing, reliable, long term tenants ensure steady rental income. The tranquil atmosphere and ideal location make it a desirable place to live, with Southampton's vibrant downtown core and stunning main beach just a stone's throw away. If you're seeking a long-term investment property with unparalleled potential, look no further. This cottage court offers a unique combination of modern comforts, prime location, and lucrative returns. Don't miss this exceptional opportunity! Be sure to click on the MULTIMEDIA BUTTON below! (id:47421)
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Listed By Royal LePage D C Johnston Realty Brokerage
Data Provided By OnePoint - Grey Bruce Owen Sound
MLS® Listing Number 40656966
Last Updated Oct 08, 2024
Property Summary
Property Type Multiplex

More like this:
Subdivision Saugeen Shores
Price History

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Detailed Information
Bedrooms 10
Lot 119 x 0 ft
Amenities Nearby Shopping
Community Features Quiet Area
Features Paved driveway
Listing Contract Date 2024-10-02
Location Description From Downtown Southampton by the Post Office north on Grosvenor street one block to Thompson Lane the left to 119 Thompson Lane.
Ownership Type Freehold
# of Parking Spaces 8
Property Type Multi-family
Structures Porch
Transaction Type For sale
Zoning Description R1-3
Building
Basement Development Unfinished
Basement Type Crawl space (Unfinished)
Construction Material Wood frame
Cooling Type Central air conditioning
Exterior Finish Wood
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 1
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Water access
Amenities Shopping
Sewer Municipal sewage system

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