$1,579,000
95 MCVICAR STREET
Beds
—
Baths
—
Sqft
—
Year
—
About this home
Investment Opportunity!!! Imagine living right across from Lake Huron in a charming three-bedroom bungalow, while working from home managing nine fully furnished, year-round cottages. Perfect for families, with the water park and harbour very close by, this unique property offers the lifestyle change you've been waiting for. Set on 1.3 acres, the property backs onto a serene wooded area with a stream running through it. Both the home and cottages have been well maintained. Each cottage comes furnished and are four seasons with natural gas heat and electric ac units. With municipal water, sewer, and natural gas services, this property is ready for its next owner to enjoy both a rewarding business and a beautiful place to call home. Owner is willing to discuss a VTB portion. (id:65958)
- Subtype
- Single Family
- Architectural style
- Raised bungalow
- MLS#
- X12888428
- Area
- SAUGEEN_SHORES
Cash on cash
-11.48%
Cap rate
3.59%
GRM
16.7
Break-even rent
$11,081
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.