About 374 Book Road
Do Not Miss This exceptional income-producing property offers over 8% cash flow with a gross annual revenue exceeding $96K. Fully tenanted on month-to-month leases, this property includes 3 kitchens, 3 laundries, 7 bedrooms, and 5 washrooms. Approved permits are in place to build a double-car garage with additional units, providing great expansion potential. The large 80 by 124 ft. yard offers a serene and private setting, ideal for relaxation or hosting outdoor gatherings. Located just minutes from the beautiful lakeside neighborhood of Bal Harbor, walk to Lake, Parks, Be part of an amazing, quiet, peaceful community. Easy access to Bell Park, recreational activities, the Bruce Trail, conservation areas, farmers markets, shopping, dining and wineries. Commuters will appreciate the quick access to the QEW. This property is a perfect blend of excellent rental income potential and a prime location.
Features of 374 Book Road
| MLS® # | X8468950 |
|---|---|
| Price | $1,099,000 |
| Bedrooms | 4 |
| Bathrooms | 5.00 |
| Square Footage | 1100-1500 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | Backsplit 3 |
| Status | Active |
Community Information
| Address | 374 Book Road |
|---|---|
| Area | Niagara |
| City | Grimsby |
| Province | ON |
| Postal Code | L3M 2M6 |
Amenities
| Features | just off the QEW, near the lake and boasts great future development potential with some permits already in place. Situated on a huge corner lot, offers positive cash flow from the start, generating $8,000 per month in gross income. |
|---|---|
| Parking Spaces | 7 |
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | Yes |
| Basement | Apartment, Crawl Space |
| Kitchens | 1 |
Exterior
| Exterior | Brick, Aluminum Siding |
|---|
Listing Details
| Office | HOMELIFE/MIRACLE REALTY LTD |
|---|