Lets talk about this versatile property, suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $43,200 of Gross Rental Income & a 8.71% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. One unit fully occupied & the other unit recently empty. Ready for the next owner to choose their occupancy options or investors can pick their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio.
Extras
Gross rental income $43,000. Expenses $4008.26. Net Operating Income $39,191.74. Financial numbers available, showing income and expenses. Gross annual rent is calculated based on a projected monthly rent for the vacant unit of $2000++.
LT 32 PL 419 SIDNEY; PT LT 31 PL 419 SIDNEY PT1, 21R10312; QUINTE WEST; COUNTY OF HASTINGS.
Possession Date
FLEXIBLE
Taxes (2024)
$3,007.1
Assessment (2023)
$188,000
Directions/Cross Streets
Sidney Street
Area
Hastings
Price History
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Detailed Information
Fronting On
N
Link
N
Property Features
Fenced Yard, Golf, Hospital, Marina, Park, School
Special Designations
Unknown
Bedrooms
4
Bathrooms
2
Rooms
10
Kitchens
2
Lot
43.19 x 99.95 ft
Acreage
<.50
Approximate Square Footage
1500-2000
Approximate Age
51-99
Exterior
Brick, Stucco/Plaster
Elevator
N
Air Conditioning
Central Air
Family Room
N
Fireplace/Stove
N
Pool
None
Laundry Level
Lower
Basement
Full, Unfinished
Drive
Pvt Double
Garage Spaces
0.0
Garage Type
None
Parking Spaces
2
Total Parking Spaces
2.0
Retirement
N
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Utilities-Hydro
Y
Utilities-Cable
A
Utilities-Telephone
A
Water
Municipal
UFFI
No
Zoning
R3
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Kitchen
Main
3.25 m x 2.59 m(10.66 ft x 8.5 ft)
Dining
Main
3.45 m x 4.34 m(11.32 ft x 14.24 ft)
Living
Main
5.41 m x 3.48 m(17.75 ft x 11.42 ft)
2nd Br
2nd
4.14 m x 2.13 m(13.58 ft x 6.99 ft)
Prim Bdrm
2nd
5.03 m x 3.4 m(16.5 ft x 11.15 ft)
3rd Br
Main
3.58 m x 3 m(11.75 ft x 9.84 ft)
Living
Main
5.79 m x 3.56 m(19 ft x 11.68 ft)
4th Br
Main
3.58 m x 2.9 m(11.75 ft x 9.51 ft)
Dining
Main
3.53 m x 2.92 m(11.58 ft x 9.58 ft)
Kitchen
Main
3.45 m x 3.5 m(11.32 ft x 11.48 ft)
Bathrooms
Pieces
Level
4
Main
2
2nd
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