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$549,900
Status: For Sale
Turnkey cash flow positive investment property OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo(vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood.
| Property Type | :Residential |
|---|---|
| MLS Number | :X10426438 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :15 Nov, 2024 (1 Day ago) |
| Source | :TRREB |
| Area | :Essex |
|---|---|
| Postal Code | :
N8H 1J7
|
| Price | : $549,900 |
|---|---|
| Property Taxes | :$3443.06 |
| Tax Year | :2024 |
|---|
| Bedrooms | :4 + 2 |
|---|---|
| No. of Rooms | :6 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Talbot St & Fuller Ave |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :2000-2500 sqft |
| Fireplace/Stove | :Yes |
| Virtual Tour | :Virtual Tour (External Link) |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :4 |
| Basement | :Apartment |
| Garage | :Attached |
|---|
15 Nov, 2024
TREB #X10426438
Listed
$549900.0
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