210 Arlberg Crescent , The Blue Mountains, ON L9Y 0M1
The Blue Mountains, ON L9Y 0M1
Description
210 Arlberg Crescent represents a prime investment opportunity, currently leased until December 2025 to Blue Mountain Resorts Ltd for staff accommodation. Completely renovated in 2018, including new plumbing, wiring, and mechanicals. Conveniently located within walking distance of The Blue Mountain Village. Boasting 11 bedrooms, 2 kitchens, 2 living areas, exterior decks, and dedicated laundry facilities, this spacious property accommodates up to 22 staff members comfortably. Spread across 3700 square feet, with ample parking space. For investors seeking versatility, this property presents an enticing opportunity. With a zoning designation of STA, there's potential for repurposing into two separate units, comprising a 6-bedroom and a 5-bedroom layout, ideal for lucrative AirBnB ventures. Investors can anticipate a steady return on investment, with an annual rent increase of 2% slated for November 2024, ensuring continued financial growth. Current Net Operating Income Approx $10,250/ month
Details
| MLS# | 40657946 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 110 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage (Collingwood) | Matthew Lidbetter |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,661 |
| Basement | Y |
| Zoning | RR-131 |
| Acreage | 0.24 |
| Golf Course | Yes |
| Water Front | Yes |
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Learn More About This Property
| State | ON |
|---|---|
| County | Grey |
| City | The Blue Mountains |
| Zip Code | L9Y 0M1 |
| Area | Blue Mountains |
| Subarea | Blue Mountains |
| Community Name | Blue Mountains |
| Listing VS Median (in Blue Mountains) | |
Price: $2,195,000 low | high Med: $1,112,500 SqFt: 2,661 low | high Med: 1,781 $ / SqFt: $825 low | high Med: $625 On Site: 110 low | high Med: 88.500000 | |