Welcome to 200 Nelson Street W, Meaford. This property is the perfect opportunity to expand your investment portfolio! Central location, steps away from Meaford General Hospital and next to Meaford and St. Vincent Community Centre. This 3 storey, 29 unit apartment building is fully tenanted and has been family owned and operated since 1986. It sits on a 1.47 acre property in the charming community of Meaford. The building is comprised of 3 one bedroom apartments, 25 two bedroom apartments and 1 three bedroom apartment with a Net Operating Income of $136,507.16. This sought after building with mainly mature adults has an extensive wait list of new tenants as units become available.
This picturesque lot surrounded by mature trees shows true pride of ownership with its well maintained grounds including low maintenance perennial gardens and vegetable garden. The large parking lot provides ample parking for residents. Each unit has its own balcony or terrace and there is laundry located on the main level for all units.
Meaford sits along Georgian Bay’s southern shore in the heart of Ontario’s apple country between Blue Mountains and Owen Sound. This community is a wonderful four-season destination offering an abundance or seasonal activities from skiing and ice skating to cycling and golfing. It is famed for many things including live theatre, concerts and a beautiful harbour. There are plenty of eateries where you can tickle your taste buds with great food or enjoy a beverage from one of the local distilleries. Meaford offers U-Pick farms where you can get local fresh fruits and vegetables right from the field or orchard, a booming farmer’s market and is famous for its annual Scarecrow festival.
For the nature lover, take advantage of the many activities in the area. Take a hike along one of the many available trails; Bruce Trail, Georgian Trail, Tom Thomson Trail or Trout Hollow Trail. Or visit Beautiful Joe Park that runs along Bighead River and is a tribute to Marshall Saunders’ famous dog Beautiful Joe. Enjoy a leisurely game of golf at Scenic City Golf Course or Meaford Golf Course. Spend time down by the water at McCarroll Park and Beach with playground, picnic area and sandy beach; or Meaford Harbour where there is a pavilion, ample parking for cars, boats and RV’s. Whatever your heart desires, there is something for everyone.
This is an excellent investment opportunity in an up and coming growing community.