5 Bed / 3 Bath / $498,800 / MLS® #:360829834

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NEWLY BUILT INCOME PROPERTY - Beautiful, legal Secondary Suite home built by Selkirk Homes. This luxurious property boasts 2 separate units. Upper unit is a 3 bedroom, 2 bath (ensuite) with a rec room and 1.5 car garage and central air conditioning and typically rents for $1650 plus utilities. The lower unit is a 2 bedroom unit and typically rents for $1250 plus utilities . Both units have their own entrances, furnaces, HRV's, and hydro meters. They also come equipped with stainless steel appliances (fridge, stove, built in microwave and dishwasher, washer and dryer (white). Situated in Woodhaven, these homes are perfect stand alone rental opportunities, or a Buyer could live in one unit and rent out the other. Looking at the numbers at a purchase price of $495K, with 20% down and a rate of 3% over 30 years, after expenses you would be clearing approximately $700 per month and a Cap Rate of about 5.6%. Not bad at all

Property Details

Property Type House
Square Feet
Maintenance N/A
Days On Our Website 13
Lot Dimensions 38 X 105.64'|under 1 acre
Pool N/A
Air Conditioning Air exchanger, Central air conditioning
Exterior Brick, Stone, Vinyl siding
Parking Spaces 2
Parking Type Attached garage,Garage
Sewers Municipal sewage system
Water Municipal water


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