Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28,000 and a cap rate of 7.7%! Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:47423)
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Detailed Information
Lot
42 x 88 ft
Amenities Nearby
Public Transit, Shopping
Communication Type
Internet Access
Lease Type
Other, See Remarks
Listing Contract Date
2024-04-18
Municipal ID
601760069
# of Parking Spaces
2
Property Type
Multi-family
Storage
Storage Shed
Transaction Type
For sale
Zoning Description
Res20
Building
Basement Development
Unfinished
Basement Type
Cellar (Unfinished)
Constructed Date
1900
Construction Material
Wood frame
Cooling Type
None
Exterior Finish
Siding, Vinyl
Flooring Type
Laminate
Heating Fuel
Natural gas
Heating Type
Forced air, Space Heater
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
42 ft X 88 ft
Amenities
Public Transit, Shopping
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
42 ft X 88 ft
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