415 MAIN STREET, Georgian Bluffs

$1,680,000

For sale: Multiplex

Multiplex at 415 MAIN STREET, Georgian Bluffs
Property type
Investment
MLS®
MLS® X13733408
Neighbourhood
Georgian Bluffs

Great opportunity for Investment. Purchase a 10 Unit - 2 storey Apartment Building on approx 2.114 Acre of Land. 8 - 2 Bedroom and 2 - 1 Bedroom Units. Common area water & sewer $11,004/yr and Hydro $11,212/yr. Separate gas units in each apartment. Small, quiet community, attracts residents from neighboring towns. Central location between Owen Sound, Sauble Beach. Short drive located conveniently located on Hwy between Owen Sound and Sauble Beach. Septic system replaced 2 years ago. Price is based on 6.7% cap rate on CMHC income and expense standards.

Sold data

Homes in Georgian Bluffs — recent sold market

Homes in Georgian Bluffs took a median of 80 days to sell over the last 90 days, with the quickest quarter selling within 44 days and the slowest quarter taking more than 96, across 36 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 95 days.

The median sale price was $662,400.

Homes sold for about 4.9% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 47% of sellers reduced their price before finding a buyer.

Median days to sell
80
Median sale price
$662,400
Sale-to-list ratio
95.1%
Sold above asking
6%

Based on 36 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 415 MAIN STREET