Sitting on almost 2.5 acres is this beautiful, purpose built duplex that currently generates a fantastic return on investment. Professionally built in 2018, there is a 2 bedroom apartment on the upper floor with 2 full bathrooms including an ensuite. The lower level has 2 bedrooms and one bathroom. Both units are bright, with lots of natural light. The upper level is currently leased out for $2,350 plus utilities and the lower one rented for $1,750 plus utilities. That's $4,100 a month in gross income. Factor in taxes and insurance and you still have over a 7% cap rate. A perfect addition to any portfolio. This also has the option of it being owner occupied with a tenant helper or multigenerational living arrangements. Beautiful property offering lots of privacy while only being 10 minutes from the town of Callander. (id:47421)
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Detailed Information
Bathrooms
3
Lot
328 x 438.58 ft
Features
Irregular lot size
Listing Contract Date
2025-02-13
Location Description
HWY 654 & MCDONALD RD
# of Parking Spaces
8
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RU
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dishwasher, Dryer, Refrigerator, Two stoves, Two Washers
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Drilled Well
Land
Total Size
Bldg=328.08 x 438.66 FT
Sewer
Septic System
Size of Irregular Land
Bldg=328.08 x 438.66 FT
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