ATTENTION INVESTORS! Exceptionally easy to manage 6-Cap 8-Plex opportunity generating approximately $120,000 in annual net income: a true Huron County money maker just minutes from Grand Bend, Exeter, and Bayfield, and one of the most effortlessly run rental properties along Ontario's West Coast! This 9-unit multiplex consists of 8 residential apartments plus a superintendent's workshop unit with plumbing, all in excellent condition and fully functional in terms of fixtures and chattel. Currently, 7 units are occupied by long-standing, happy tenants, with one vacant 2-bedroom unit ideal for owner occupancy or immediate lease-up. In total, the building offers six 2-bedroom units, two 1-bedroom units, plus the workshop unit, along with multiple storage rooms and a dedicated meter room. All nine units are separately metered for hydro, simplifying management and expenses. The thoughtfully designed layout includes a 1-bed and 2-bed unit on the ground level, a 1-bed and two 2-bed units on the main level, and three 2-bed units with balconies on the upper level. Every unit is equipped with owned appliances, including in-suite washers & dryers, a fan-favorite feature among tenants. Two large owned hot water heaters are also included. Tenants pay hydro, and operating costs are remarkably low at approximately $15,000-$17,000 annually, resulting in strong and reliable net income for an 8-plex plus workshop unit. All fire code requirements are up to date, the metal roof and insulbrick/vinyl exterior are in excellent condition, and both landscaping and maintenance are refreshingly simple. All debentures have been paid! Located in the heart of Zurich, Ontario, just five minutes from beautiful Lake Huron beaches, this property represents incredible value when compared to today's replacement construction costs. As a turnkey, mindless money-maker and a rare 6-cap income property that stands out among recent multi-plex sales in Huron County, this opportunity will not last long.
Address
15 Victoria Lane
List Price
$1,899,900
MLS® Status
New
Expiration Date
2026-06-30
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Bluewater
Sub-Area
Zurich
Region
Huron
Bedrooms
14
Bedrooms (Total)
14
Rooms Above Grade
45
Bathrooms
8
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
125
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
37.5
Parcel Number
412220206
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Mill Avenue
MLS® Number
X12945598
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
Walk-Out
Postal Code
N0M 2T0
Posession Details
Can close right away to facilitate the new owner earning immediate income
Parking
Private Triple
Parking Places (Total)
13
Parking Spaces
13
Tax Amount
$8,467.00
Tax Year
2026
Site Influences
Beach, Golf, Park, Place Of Worship, Porch, Rec./Commun.Centre, School
Exterior Features
Porch
Interior Features
Workbench, Water Heater Owned, Upgraded Insulation
Property Features
Beach, Golf, School, Place Of Worship, Park, Rec./Commun.Centre
Cable
Yes
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Window Unit(s)
Construction Materials
Brick, Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
8
Kitchens Above Grade
8
Pool Features
None
Roof
Metal
Tax Legal Description
PT LT 13 PL 320 ZURICH; PT LT 14 PL 320 ZURICH PTS 1 & 2, 22R1980; MUNICIPALITY OF BLUEWATER
Waterfront
No
Sewer
Sewer
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