Quick Summary
Quick Summary
- Spacious 1,800 sqft brick home
- Fully legal 1-bedroom basement apartment
- Potential $1,500 monthly rental income
- Convenient location near shopping, dining, highways
- Close proximity to Brock University
- Affordable $1,500 monthly mortgage payment
- Opportunity to live for free by renting out
- Potential for positive cash flow investment
Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here’s how: We’ll add a fully legal 1-bedroom basement apartment with its own private entrance, and you could easily earn $1,500 a month in rental income.... Show More
Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here’s how: We’ll add a fully legal 1-bedroom basement apartment with its own private entrance, and you could easily earn $1,500 a month in rental income. Even better? Half of this rental income can be added to your income to help you qualify for financing!\r\n\r\nWith a purchase price of $688K, a 4% mortgage rate, and 25-year amortization, putting down $130,000 would normally give you a $3,000 monthly mortgage payment. But with the rental income, you're only looking at a net payment of $1,500 per month! And as interest rates continue to drop, going variable could save you even more. Want to flip the script? Live in the basement and rent out the upper level for $3,000 per month, and your mortgage payments could be covered entirely—living for free! Or... rent the entire house out and let it pay for itself giving you positive cashflow.\r\n\r\nLocated close to shopping, dining, highways, and Brock University, this is not just a home, it’s a fantastic investment opportunity. Don’t miss out! (id:54626)
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Rooms
Bedroom
10′11″ x 13′5″
Bedroom
10′11″ x 11′9″
Bedroom
15′3″ x 18′5″
Great room
18′12″ x 20′12″
Living room
10′11″ x 13′11″
Dining room
10′11″ x 12′11″
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
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