396 Oxford Avenue Crystal Beach, Ontario L0S 1B0

$629,900

Location, location, location! Amazing opportunity for a triplex on a double lot with a 2 car garage! This investment really is ideal. Large units in a solid building, moments from the beach, restaurants and shopping. Main floor features a large 3 bedroom apartment that is currently vacant. Both upper apartments are spacious and feature 3rd floor walkups and 2 bedrooms each. Each with their own hydro meter. Lower unit also has gas with a gas forced air furnace. This triplex has been maintained well, and is solid with a newer roof. With some updating this property could be really awesome and very easy to rent. Large detached 2 car garage provides additional rental opportunity or added benefit for owner and/or tenant. This would make a great opportunity to owner occupy the main floor and have 2 tenants assist with paying the mortgage! Even to use the main floor as a summer getaway and have the rent subsidize it? A perfect way to start your real estate portfolio! Lower unit is currently vacant and has been owner occupied in the past. Expenses show account for the hydro and gas bills for this unit which in theory, could be the responsibility of the next tenant, reducing expenses even further. Upper rear rent has the hydro included, although it does have a separate meter. Current cap rate approx. 5.4% with an opportunity to be 6.1% if next main floor tenant pays their own bills. The rental market remains strong, and Crystal Beach is an area experiencing a rejuvenation, so this may be an opportunity you've been waiting for? (id:51158)

MLS: 40381781 For sale at 396 OXFORD Avenue Location, location, location! Amazing opportunity for a triplex on a double lot with a 2 car garage! This investment really is ideal. Large units in a solid building, moments from the beach, restaurants and shopping. Main floor features a large 3 bedroom apartment that is currently vacant. Both upper apartments are spacious and feature 3rd floor walkups and 2 bedrooms each. Each with their own hydro meter. Lower unit also has gas with a gas forced air furnace. This triplex has been maintained well, and is solid with a newer roof. With some updating this property could be really awesome and very easy to rent. Large detached 2 car garage provides additional rental opportunity or added benefit for owner and/or tenant. This would make a great opportunity to owner occupy the main floor and have 2 tenants assist with paying the mortgage! Even to use the main floor as a summer getaway and have the rent subsidize it? A perfect way to start your real estate portfolio! Lower unit is currently vacant and has been owner occupied in the past. Expenses show account for the hydro and gas bills for this unit which in theory, could be the responsibility of the next tenant, reducing expenses even further. Upper rear rent has the hydro included, although it does have a separate meter. Current cap rate approx. 5.4% with an opportunity to be 6.1% if next main floor tenant pays their own bills. The rental market remains strong, and Crystal Beach is an area experiencing a rejuvenation, so this may be an opportunity you’ve been waiting for? (id:51158)

Property Details

MLS® Number	40381781
Property Type	Multi-family
Amenities Near By	Beach, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features	School Bus
Features	Park/reserve, Beach, Paved Driveway
Structure	Porch

About 396 Oxford Avenue, Crystal Beach, Ontario

This For sale Property is located at 396 Oxford Avenue Multi-family Triplex, in the City of Crystal Beach. Nearby amenities include - Beach, Park, Place of Worship, Playground, Public Transit, Schools, Shopping Multi-family has a total of 7 bedroom(s), and a total of 3 bath(s) . 396 Oxford Avenue has Baseboard heaters, Forced air heating and Window air conditioner. This house features a Fireplace.

The Basement is Unfinished.

This Crystal Beach Triplex's exterior is finished with Aluminum siding, Metal, Vinyl siding, Wood, Hardboard. Also included on the property is a Detached Garage

The Current price for the property located at 396 Oxford Avenue, Crystal Beach is $629,900 and was listed on MLS on :2023-05-26 22:22:03. The current average price in the city of is $0.00. The lowest price listed on MLS for a listing is $0.00. The highest priced 's in the area is prices at $0.00. The city of has 0 - 's listed on the MLS System.

Building

Bathroom Total	3
Bedrooms Total	7
Appliances	Water Meter
Basement Development	Unfinished
Basement Type	Crawl Space (unfinished)
Constructed Date	1921
Construction Material	Wood Frame
Cooling Type	Window Air Conditioner
Exterior Finish	Aluminum Siding, Metal, Vinyl Siding, Wood, Hardboard
Fire Protection	Smoke Detectors
Foundation Type	Block
Heating Fuel	Electric, Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Stories Total	2
Size Interior	3200
Type	Triplex
Utility Water	Municipal Water

Parking

Detached Garage

Land

Access Type	Road Access
Acreage	No
Land Amenities	Beach, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	85 Ft
Size Frontage	69 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	R2b

Utilities

Cable	Available
Electricity	Available
Natural Gas	Available
Telephone	Available

https://www.realtor.ca/real-estate/25316164/396-oxford-avenue-crystal-beach