Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.6% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1000/mo+ at today's interest rates. With a 10%+ Cash ROI and 18% ROI when factoring in principal repayment, this is a better return than both GICs and the stock market. With two spacious 2-bedroom units, a comfortable bachelor suite, and a rentable garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,700 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space can generate an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, Western Fair complex, 100 Kellogg Lane, and public transportation, making it an attractive choice for prospective tenants. Don't miss out on this rare opportunity to secure a high-yield, income-generating duplex with immense potential for the future. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
33 x 0 m
Amenities Nearby
Public Transit, Place of Worship, Park
Community Features
School Bus, Community Centre
Features
Flat site
Listing Contract Date
2024-09-03
Location Description
BRYDGES
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R2-2
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Basement Type
Full
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding, Brick
Foundation Type
Block, Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
33 x 75 Acre | under 1/2 acre
Amenities
Public Transit, Place of Worship, Park
Sewer
Sanitary sewer
Size of Irregular Land
33 x 75 Acre
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