415 Main Street

Georgian Bluffs · MLS® X13733408

2 sq ft · 2 sq ft lot · House · Multi-family · 53 days on market

listed by BRUCE BROWN, ED LOWE LIMITED

realtor's description

Great opportunity for Investment. Purchase a 10 Unit - 2 storey Apartment Building on approx 2.114 Acre of Land. 8 - 2 Bedroom and 2 - 1 Bedroom Units. Common area water & sewer $11,004/yr and Hydro $11,212/yr. Separate gas units in each apartment. Small, quiet community, attracts residents from neighboring towns. Central location between Owen Sound, Sauble Beach. Short drive located conveniently located on Hwy between Owen Sound and Sauble Beach. Septic system replaced 2 years ago. Price is based on 6.7% cap rate on CMHC income and expense standards.

property details

type: House, Multi-family
living area: 2 sq ft
lot: 2 sq ft
parking: 0
property tax: $7,020 / yr
days on market: 53
MLS®: X13733408

features

Irregular lot size

monthly cost

$7,905/mo

Mortgage $7,320 · Tax $585

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$7,320/ monthly

loan $1,344,000

25-year amortization

down payment20% · $336,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $851,880
cash to close: $336,000; down payment; transfer tax and fees not included
total paid: $2,195,880

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.