PRIME LAKEVIEW INCOME COMPOUND at SEACLIFF BEACH

$1,495,000
Posted
Leamington, ON N8H 3H6(View Map)
  • Size (acres)
    1/4

    Description

    Income generating LAKEVIEW property.

    Rare lakeview 4 cottage compound, subject to severance, comprised of 2 amalgamated fully serviced lots zoned R1. Fronting on 2 streets, 50 foot and 87.5 foot frontages. Currently four vintage cottages: 3 generating income, one ready for demolition, renovation, or conversion to garage/shop. Year-round income potential overlooking Seacliff Beach. Multi-unit residential development potential on approximately .25 acre site in central waterfront location. Infinity views of Lake Erie with direct access to beach, park, trails, marina, and Seacliff Amphitheatre. Three options: 1*Live in 1 unit and rent out 2, 2*Invest in 3 unit income with potential $63,000+ annual net income, and/or 3*Invest in development. Walkable to all retail, shopping, banking, services, restaurants, and Starbucks. Serious enquiries only, with full name, and phone number. Viewing by appointment only.

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