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598 GOULD ST - Tremendous Income Opportunity! Located in the heart of Wiarton on the shores of Colpoys Bay. Stately 2 storey , red brick sitting on approx 0.5 acre, just 1 block from Main St with all the shoppe’s, dining and Water views over the bay. Completely Renovated top to bottom with an Ideal set up as a Retirement home, boarding house, multi family compound, institution (many other uses permitted). Feauturing 15 modernized units on 2 floors, each floor has an oversized & accessible bathing room , w/roll in shower area, lounge areas w/fireplaces, Brand new stair lift, state of the art call bell system, fire prevention & monitoring. Endless possibilities here with a projected NET Income of approx $270,000/yr. This is a turn key operation with professional training in place for the right buyer. This is the ONLY Retirement Home in Wiarton currently. With a CAP Rate as high as 33 Percent, there aren't many comparable properties on the market in the country. Call LA Today for more details!

Property Details

  • ID: 164814
  • Status: Active
  • New Construction: No
  • Property ID: 101372214
  • Storeys: 0
  • Estimated Annual Taxes: $5,214
  • Style:
  • Parking Type Description: None 0 cars

Features

District South Bruce Peninsula
Driveway Outside/Surface/Open, Mutual/Shared
Exterior Brick, Aluminum Siding
Features Area Influences Shopping Nearby, Downtown, Ample Parking
Fire Protection Alarm System-Fire
Heat Primary Forced Air-Gas
Other Zoning - Institutional, Inclusions - Dryer, Refrigerator, Stove, Washer, Carbon Monoxid
Property SubType Building and Land
Property Type Commercial
Subdistrict None
Tax Year 2017
Water Supply Municipal
Listed By Arthur Tkaczyk of CENTURY 21 First Canadian Corp., Brokerage*