This charming property in Formosa offers the convenience of small town living and is currently occupied by tenants who are interested in staying. The rental income is substantial enough to cover a significant portion of the mortgage, making it an attractive investment opportunity. The large lot includes a spacious shed, providing ample storage space for the residents. Situated just 10 minutes from Walkerton and within walking distance to schools, the location offers both convenience and a sense of community.
For those who enjoy the outdoors, the property is just 30 minutes from Lake Huron and Kincardine, as well as 38 minutes from Bruce Power. Additionally, it is within an hour's drive to Owen Sound and Waterloo, making it an ideal location for those who need to commute to these areas. Interested buyers are encouraged to schedule a viewing soon, as the property is expected to generate significant interest. The current tenant has requested 24-hour notice for showings.
This property, which is currently on the market, features a land size of under 1/2 acre and is located at 243 CONCESSION 12 in the city of Formosa, Ontario. The postal code for the property is N0G1W0. With a total of 4 bedrooms, 2 bathrooms, and an unfinished basement, the house offers plenty of space for a growing family. The building construction style is detached, with an exterior finish of aluminum siding.
Heating for the property is provided by natural gas and is distributed through a forced air system. The house is designed in a 1.5 story layout and is classified as a freehold property. With its convenient location, ample space, and potential for rental income, this property is a promising investment opportunity for interested buyers.
