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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 modern 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 your realtor today for details!

Property Details

  • ID: 178978
  • Status: Active
  • New Construction: No
  • Property ID: 101388183
  • Storeys: 0
  • Estimated Annual Taxes: $1,185
  • Style: Residential
  • Parking Type Description: None 0 cars

Features

District South Bruce Peninsula
Driveway Mutual/Shared, Front Yard
Exterior Vinyl Siding, Brick
Features Area Influences Water View, Trails, Shopping Nearby, Marina, Downtown, Airport
Features Interior Upgraded Insulation, Smoke Detector, Separate Heating Controls, Security System, Fire Alarm System, Central Vacuum, Carbon Monoxide Detector, Built-In Appliances
Fire Protection Smoke Detector, Monitored, Carbon Monoxide Detector
Foundations Concrete Block
Garage Y/N No
Heat Primary Fireplace-Gas, Baseboard
Other Zoning - Institutional
Property SubType Residential
Property Type Multi-Family
Subdistrict None
Tax Year 2018
Water Supply Municipal
Listed By Arthur Tkaczyk of CENTURY 21 First Canadian Corp., Brokerage*