593 Stokes Bay Road Northern Bruce Peninsula, Ontario N0H 2M0

$399,900

A familiar landmark in Stokes Bay, the building once known as the Copper Kettle Restaurant has been transformed into a 3-unit residential income property-a fantastic opportunity for investors or buyers looking for a home with built-in revenue. The triplex features: 1-bedroom unit currently rented at $525/month, a 2-bedroom unit currently rented at $600/month, and a 2-bedroom unit recently rented at $700/month. With two longer-term tenants and one newly occupied unit, this property offers stable income and the potential to grow your investment. Ideal for those who want to live in one unit while benefiting from tenants helping offset expenses. Located on the beautiful Bruce Peninsula, this property sits in the welcoming community of Stokes Bay, just a short drive to Lion's Head and Tobermory-home to incredible natural attractions, hiking, boating, and tourism demand. Whether you're expanding your real estate portfolio or searching for a practical home-plus-income solution, this unique and well-known property is worth a closer look. (id:42776)

Property Details

MLS® Number	X12584438
Property Type	Business
Community Name	Northern Bruce Peninsula
Equipment Type	Water Heater
Parking Space Total	5
Rental Equipment Type	Water Heater

Building

Appliances	Dryer, Washer
Cooling Type	None
Size Interior	2,712 Ft2

Land

Acreage	No
Sewer	Septic System
Size Depth	110 Ft ,8 In
Size Frontage	82 Ft ,5 In
Size Irregular	82.47 X 110.73 Ft
Size Total Text	82.47 X 110.73 Ft
Zoning Description	C4

https://www.realtor.ca/real-estate/29145131/593-stokes-bay-road-northern-bruce-peninsula-northern-bruce-peninsula