48
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$439,900
Est. payment /mo
2,606 SqFt
Active
502 Bruce ST South Bruce Peninsula, ON N0H 1P0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,606 sqft
Price per Sqft $168
Subdivision South Bruce Peninsula
MLS Listing ID X12248749
Annual Tax Amount $2,548
Tax Year 2024
Property Sub-Type Investment
Property Description
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!
Location
Province ON
County Bruce
Community South Bruce Peninsula
Area Bruce
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 64.0
Lot Depth 264.0
Others
Virtual Tour https://jamesmastersphotography.seehouseat.com/2336745?idx=1
Listed by RE/MAX Grey Bruce Realty Inc.