Maximum 4 project can be compared at one go.
$799,900
Status: For Sale
Investors take notice, this property has been very diligently and meticulously taken care of and updated over the years. Thinking of buying a home and having someone help pay the mortgage? This is a great opportunity for that with traditional lenders being able to use market rents to help you qualify for a purchase. Live in 1 unit and have the other two subsidize your mortgage. This is a great time and way to get an investment property for now and the future. Unit 1 has private use of the North side driveway and has their own private entrance at the rear. A nice mudroom and living room above grade with a 3pc bath, 2 bedrooms, eat in kitchen and storage. Unit 2 is a nice 1 bedroom apartment on the main floor with a great sunroom, living room, eat in kitchen, 3pc bath and large bedroom. This unit gets parking on the south side driveway. Unit 3 is on the 2nd and 3rd floors which comes with 3 bedrooms, kitchen, 4pc bath, 2pc bath and a large living room. This unit also has its own parking on the south side driveway. All of the units have separate hydro meters and hot water tanks. All units also have in-suite laundry. There is outdoor storage for tenants and a large inviting fenced rear yard for the tenants to share. There is also a detached garage with hydro which the Landlord currently uses but could be used to generate more income. Some of the many upgrades over the years include: Appliances, washrooms, flooring, windows, roof, central air, furnace, electrical, fire safety, paint, plumbing and more. Ask your Realtor for a complete list of upgrades. Priced at a 5% Cap Rate, this property is perfect to add to your portfolio of investments or to jump in for your first. Solid Brick, Solid Income, Solid Investment.
Property Type | :Residential |
MLS Number | :40584284 |
Listing Type | :Sale |
Property Age | :100+ Years years |
Possession Date | : |
Last Updated | :17 May, 2024 (125 Days ago) |
Source | :Grey Bruce Owen Sound |
Area | :Wellington |
Community | : Mount Forest |
City | :Mount Forest |
Area Major | :Wellington North |
Area Minor | :72 - Mount Forest |
Postal Code | : N0G 2L3 |
Directions | :From Highway 6 turn east onto Parkside Drive to the property on the right |
Price | : $799,900 |
Property Taxes | :$3035.1 |
Tax Year | :2023 |
Bedrooms | :6 + |
No. of Rooms | :18 |
Heating | :Forced Air |
Place of Worship | :No |
Bathrooms | :4 |
Approx Square Footage | :2551 sqft |
Parking Space | :8 |
Basement | :Full |
Garage | :1 |
17 May, 2024
TREB #40584284
Price Change
$799900