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Contemplating Early Retirement? Need Some Independence From Your Kids or Parents? Investor? This Legal Duplex With A Detached Garage Could Be The Answer. Renovated In 2016 With Permits, Both Units Offer 3 Bedrooms, A 4-Piece Bathroom, Renovated Kitchens, In-Suite Laundry, Private Parking In Front & Back Of The Property, Separate Hydro Meters, Separate Entrances And A Shared Yard. The Main Floor Unit Is Vacant And The Upper Unit Is Vacant As Of June 15, 2022, Which Presents An Opportunity To Live In The Unit Of Your Choice While Renting The Other Or Rent Out Both. The Main Floor Unit Can Be Rented At $1,800 Per Month + Hydro While The Upper Unit Can Be Rented At $1,900 Per Month + Hydro. With A Projected Yearly Income Of $44,400 And $12,120 Estimated Yearly Expenses, You Can Have An Noi Of $32,280 And A Cap Rate Of 4.04%., Directions:Main St East / Sandford Ave South, Exclusions:Tenant Possessions
Property Details
| Property Type | Detached |
|---|---|
| Property Style | 2.5 Storey |
| Square Feet | 1501 to 2000 |
| Property Tax | $N/A |
| Maintenance | N/A |
| Days On Our Website | 25 |
| Basement | Separate Entrance |
| Kitchens | 2 |
| Garages | 1 |
| Pool | None |
| Fireplaces | |
| Air Conditioning | Window Unit |
| Heating | Forced Air,Gas - Forced Air,Gas |
| Exterior | Brick,Vinyl Siding |
| Garage Type | N/A |
| Sewers | Sewer (Municipal) |
| Water | Municipal-Metered |
Listing Office: Martin Group
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