Nestled in the heart of charming Southampton, this exceptional five-cottage court presents a rare investment opportunity. The property boasts a recently renovated home and four two bedroom, virtually all-new cottages, all built within the last five years. Each residence features a new poured concrete foundation with a four-foot crawlspace, ensuring durability and peace of mind. Every cottage is equipped with natural gas forced air heat and central air conditioning, providing optimal climate control and energy efficiency. Additionally, each unit has its own on-demand gas water heater. (Technically speaking: IBC SFC 199 SUPERFLO combo Boilers. IBC AHU 800 air handlers. Continental CT13 air-conditioners).The property also features a spacious, paved parking lot and a convenient laundry building with two stackable gas washers and dryers (Whirlpool- WGT4027HW). This low-maintenance property is perfect for investors seeking hassle-free management operated offsite, and its existing, reliable, long term tenants ensure steady rental income. The tranquil atmosphere and ideal location make it a desirable place to live, with Southampton's vibrant downtown core and stunning main beach just a stone's throw away. If you're seeking a long-term investment property with unparalleled potential, look no further. This cottage court offers a unique combination of modern comforts, prime location, and lucrative returns. Don't miss this exceptional opportunity! Be sure to click on the MULTIMEDIA or VIRTUAL TOUR BUTTON below! (id:49218)
| MLS® Number | 40656966 |
| Property Type | Multi-family |
| Amenities Near By | Shopping |
| Community Features | Quiet Area |
| Features | Paved Driveway |
| Parking Space Total | 8 |
| Structure | Porch |
| Bedrooms Total | 10 |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Construction Material | Wood Frame |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Wood |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2000 Sqft |
| Utility Water | Municipal Water |
| Access Type | Water Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 119 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R1-3 |
https://www.realtor.ca/real-estate/27502999/119-thompson-lane-southampton
Contact us for more information
Larry Leonard
Broker
(519) 797-5544
(519) 797-2631
www.dcjohnstonrealty.com
https://www.facebook.com/RoyalLepageDCJohnstonRealty
https://twitter.com/RLPDCJohnston
https://www.linkedin.com/company/royal-lepage-dc-johnston-realty/
Douglas Johnston
Broker of Record
(519) 797-5544
(519) 797-2631
www.dcjohnstonrealty.com
https://www.facebook.com/RoyalLepageDCJohnstonRealty
https://twitter.com/RLPDCJohnston
https://www.linkedin.com/company/royal-lepage-dc-johnston-realty/
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