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Quick Summary
Quick Summary
- Legally Suited home with income-generating potential
- Robust monthly income of $3,100 with 7% cap rate
- Upstairs unit generates $1,700 per month
- Downstairs unit generates $1,400 per month
- Newer furnace, hot water tank, and roof for strong foundation
- Two-car detached garage for ample parking and storage
- Ideal for savvy investors seeking income potential
- Suitable for families seeking rental income to offset costs
Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit... Show More
Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit adds an additional $1,400. Key updates to the home include a newer furnace, hot water tank, and roof. Setting a strong foundation for any further renovations you might wish to undertake, and making it easier to enhance the living spaces to your taste. Featuring a two-car detached garage, offering ample parking and storage solutions. The potential here is enormous; whether you choose to rent out both units for a substantial income or live in one while renting the other, the financial benefits are clear. This property is ideal for savvy investors looking to capitalize on its income potential or for families seeking a home with additional rental income to offset mortgage costs. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Bedroom 3
10′9″ x 11′5″
Bedroom 4
11′11″ x 11′6″
Laundry room
6′8″ x 10′8″
Bedroom 5
6′8″ x 10′8″
Living room
16′4″ x 13′1″
Dining room
10′9″ x 16′6″
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
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