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$469,000
Status: For Sale
Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12058283 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :04 Apr, 2025 (9 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Grey County |
|---|---|
| Postal Code | :
N4K 1V3
|
| Price | : $469,000 |
|---|---|
| Property Taxes | :$2311.0 |
| Tax Year | :2024 |
|---|
| Bedrooms | :3 + |
|---|---|
| No. of Rooms | :9 |
| Heating | :Forced Air |
| Cross Street | :3rd ave east and 11th st east |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1100-1500 sqft |
| Fireplace/Stove | :No |
| Virtual Tour | :Virtual Tour (External Link) |
| Kitchen | :4.14 m x 2.2 m |
|---|---|
| Bedroom | :3.45 m x 3.47 m |
| Kitchen | :3.58 m x 1.9 m |
| Bedroom | :5.02 m x 2.38 m |
| Bathroom | :1.82 m x 2.13 m |
| Living Room | :4.14 m x 4.92 m |
|---|---|
| Bathroom | :3.35 m x 1.9 m |
| Living Room | :4.14 m x 4.19 m |
| Bedroom 2 | :3.65 m x 2.64 m |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :2 |
| Basement | :Unfinished |
02 Apr, 2025
TREB #X12058283
Listed
$469,000
