Lot # : 1 - 2 Storey Multi-family Triplex 368 Frank St Wiarton

Online Only Auction
2 Storey Multi-family Triplex 368 Frank St Wiarton
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Wiarton, ON N0H2T0
Date(s)
1/27/2023 - 4/15/2023
AUCTIONEER INFORMATION
Catalog
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MLS® Number: 40370137
Bidding Notice:

BID TODAY! PROPERTY AUCTION; 15 APRIL 2023 AUCTION CLOSE DATE; Reserve bid, soft close auction. Property is being sold AS IS WHERE IS. This is an auction notification by Action Auctions posted on MLS® as a mere posting. All Agreements of Purchase and Sale are to be submitted in CASH; no conditions will be entertained. Irrevocable should be 15 APRIL 2023. 15% DEPOSIT, including a 10% + HST BUYERS ... Show More

Information
Lot # 1
Group - Category Real Estate - Residential
Lead 2 Storey Multi-family Triplex 368 Frank St Wiarton
Description
ATTN: INVESTORS, TRIPLEX RENTED INCOME PROPERTY+ INCLUDES SEPARATE LOT NEXT DOOR WITH OWN PROPERTY ID NUMBER! MLS#:40370137 https://www.realtor.ca/real-estate/25226085/368-frank-street-wiarton We are happy to offer you this Triplex during a strong rental market! This property has two of 3 units currently rented; the owner is freshening up the 3rd before offering it back for rent! The lot next door is registered as a separate Property ID Number; Wiarton now allows Tiny Homes with a smaller footprint. Loads of possibility for improvements to its already tidy income. The current owner has done some structural repairs since purchasing and is only selling due to the distance he lives from the property. Unlock the potential of your investment portfolio with this versatile triplex! The building has been maintained over the years, with recent updates to the electrical systems. Generate a steady stream of rental income with tenants already in place, and the potential for even more income with the third unit now being refreshed. The property is located in a desirable neighbourhood, with easy access to shopping and local amenities. Imagine the possibilities as you take ownership of this solid investment opportunity, with the potential for appreciation and a strong return on investment. Don't miss out on this chance to secure your financial future, schedule a viewing today! LOCATION DESCRIPTION: 368 Frank Street Wiarton, Ontario N0H2T0 Follow Highway 6 into Wiarton then head east onto Frank Street. The Property is the 1st Block on the corner to the north side. FINANCIAL INFORMATION / DISCLOSURE: Property Taxes: $1,609.01 Heating: $2,741.64 Trash: $0.00 Water: $2,515.17 Electric Expense: $3,838.26 Insurance: $1,750.00 Laundry Rentals: $0.00 Other: $1,500.00 Operating Expense: $27,325.92 Operating / Rental Income: $41,280.00 PROPERTY DESCRIPTION SUMMARY: 2 Storey Multi-family Triplex 368 Frank St Wiarton Property Type: Multi-family Building Type: Triplex Storeys: 2 Square Footage: 2412 Subdivision Name: South Bruce Peninsula Title: Freehold Land Size: 0.034 ac|under 1/2 acre BUILDING: Bathrooms: 1 INTERIOR FEATURES: Fixtures Included: Ceiling fans Basement Type: Crawl space (Unfinished) BUILDING FEATURES: Features: Southern exposure, Corner Site, Park/reserve, Beach Foundation Type: Stone Style: Attached Fire Protection: Smoke Detectors Square Footage: 2412 Rental Equipment: Furnace, Water Heater Structures: Shed Total Units: 3 Heating & Cooling: Cooling Central air conditioning Heating Type: Forced air, (Natural gas) UTILITIES: Utility Type: Cable (Available), Electricity (Available), Natural Gas (Available), Telephone (Available) Utility Communications: High Speed Internet Utility Sewer: Municipal sewage system Water: Municipal water EXTERIOR FEATURES: Exterior Finish: Vinyl siding Neighbourhood Features: Amenities Nearby Airport, Beach, Hospital, Marina, Park, Place of Worship, Playground. LAND: Lot Features: Frontage: 28 ft Land Depth: 60 ft Other Property Information: Access: Water access, Road access, Highway access Zoning Description: R1B Waterfront Features: Access: Water access
Name 2 Storey Multi-family Triplex 368 Frank St Wiarton ON
Auctioneer
Action Auction Inc.
Type Online-Only Auction
Date(s) 1/27/2023 - 4/15/2023
Location
368 Frank Street
Wiarton, ON N0H2T0
Description
ATTN: INVESTORS, TRIPLEX RENTED INCOME PROPERTY+ INCLUDES SEPARATE LOT NEXT DOOR WITH OWN PROPERTY ID NUMBER! MLS#:40370137 https://www.realtor.ca/real-estate/25226085/368-frank-street-wiarton We are happy to offer you this Triplex during a strong rental market! This property has two of 3 units currently rented; the owner is freshening up the 3rd before offering it back for rent! The lot next door is registered as a separate Property ID Number; Wiarton now allows Tiny Homes with a smaller footprint. Loads of possibility for improvements to its already tidy income. The current owner has done some structural repairs since purchasing and is only selling due to the distance he lives from the property. Unlock the potential of your investment portfolio with this versatile triplex! The building has been maintained over the years, with recent updates to the electrical systems. Generate a steady stream of rental income with tenants already in place, and the potential for even more income with the third unit now being refreshed. The property is located in a desirable neighbourhood, with easy access to shopping and local amenities. Imagine the possibilities as you take ownership of this solid investment opportunity, with the potential for appreciation and a strong return on investment. Don't miss out on this chance to secure your financial future, schedule a viewing today! LOCATION DESCRIPTION: 368 Frank Street Wiarton, Ontario N0H2T0 Follow Highway 6 into Wiarton then head east onto Frank Street. The Property is the 1st Block on the corner to the north side. FINANCIAL INFORMATION / DISCLOSURE: Property Taxes: $1,609.01 Heating: $2,741.64 Trash: $0.00 Water: $2,515.17 Electric Expense: $3,838.26 Insurance: $1,750.00 Laundry Rentals: $0.00 Other: $1,500.00 Operating Expense: $27,325.92 Operating / Rental Income: $41,280.00 PROPERTY DESCRIPTION SUMMARY: 2 Storey Multi-family Triplex 368 Frank St Wiarton Property Type: Multi-family Building Type: Triplex Storeys: 2 Square Footage: 2412 Subdivision Name: South Bruce Peninsula Title: Freehold Land Size: 0.034 ac|under 1/2 acre BUILDING: Bathrooms: 1 INTERIOR FEATURES: Fixtures Included: Ceiling fans Basement Type: Crawl space (Unfinished) BUILDING FEATURES: Features: Southern exposure, Corner Site, Park/reserve, Beach Foundation Type: Stone Style: Attached Fire Protection: Smoke Detectors Square Footage: 2412 Rental Equipment: Furnace, Water Heater Structures: Shed Total Units: 3 Heating & Cooling: Cooling Central air conditioning Heating Type: Forced air, (Natural gas) UTILITIES: Utility Type: Cable (Available), Electricity (Available), Natural Gas (Available), Telephone (Available) Utility Communications: High Speed Internet Utility Sewer: Municipal sewage system Water: Municipal water EXTERIOR FEATURES: Exterior Finish: Vinyl siding Neighbourhood Features: Amenities Nearby Airport, Beach, Hospital, Marina, Park, Place of Worship, Playground. LAND: Lot Features: Frontage: 28 ft Land Depth: 60 ft Other Property Information: Access: Water access, Road access, Highway access Zoning Description: R1B Waterfront Features: Access: Water access
BID TODAY! PROPERTY AUCTION; 15 APRIL 2023 AUCTION CLOSE DATE; Reserve bid, soft close auction. Property is being sold "AS IS WHERE IS". This is an auction notification by Action Auctions posted on MLS® as a "mere posting". All Agreements of Purchase and Sale are to be submitted in CASH; no conditions will be entertained. Irrevocable should be 15 APRIL 2023. 15% DEPOSIT, including a 10% + HST BUYERS PREMIUM is to be added to any cash bid; acknowledged in the Schedule A of the APS. You may bid by contacting your Real Estate Broker who will be paid on completion by the Auctioneer. If you do not have a Broker, Action Auctions can provide a licensed Broker to provide you with Customer Service; Action Auctions will compensate your Broker on your behalf. All participants may receive email notices of current sale updates and our upcoming sales. Our emails are sent through the auction software and if you receive duplicates, this is due to you have participated; selected to follow/watch our sales, registered to bid or favoured in more than one of our sales. If you wish not to receive emails from us, you must contact us through the registered bidder dashboard to remove you from any future emails. These emails are NOT SPAM and all inquires will be handled promptly.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 CAD
95.01 - 975.00 25.00 CAD
975.01 - 9,750.00 250.00 CAD
9,750.01 - 97,500.00 2,500.00 CAD
97,500.01 - 9,999,999.99 10,000.00 CAD
Currency CAD
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