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LEGAL 2-unit bungalow located at 351 Amiens St in beautiful Queenswood Heights, Orleans. 6.44% cap rate, $1,489 monthly cash flow! Fully renovated VACANT 3-bed main unit; Tenanted 3-bed lower unit. The main unit is a perfect fit as your choice of an owner's suite or flagship unit in your portfolio. The home boasts white shaker-style...
LEGAL 2-unit bungalow located at 351 Amiens St in beautiful Queenswood Heights, Orleans. 6.44% cap rate, $1,489 monthly cash flow! Fully renovated VACANT 3-bed main unit; Tenanted 3-bed lower unit. The main unit is a perfect fit as your choice of an owner's suite or flagship unit in your portfolio. The home boasts white shaker-style cabinets, quartz countertops, and the perfect semi-open concept living space. Projected rent $2,200/mo. The lower level unit is beautifully finished using the same high-quality materials and feels like anything but a typical basement unit. Current rental rate $1,895/mo. Gross $4,095/mo; $49,140/yr. Annual expenses: $3,656 tax, $1,755 insurance, $886 water, ~$960 heat, $0 hydro(tenants pay). NET $41,883. Finance ~$2,001/mo. CASH FLOW $1,489/mo. Secondary Dwelling Unit, HVAC, 2 hydro meters, electrical & plumbing updates 2021. WATCH the listing video on Realtor.ca. Offers presented 1PM Thursday May 19; Seller reserves the right to accept pre-emptive offers.
Property Details
Size
Parking
Lot
Build
Rooms
Kitchen
10′8″ x 11′2″
Dining Rm
8′1″ x 11′2″
Living Rm
11′0″ x 18′9″
Bedroom
9′5″ x 11′0″
Bedroom
9′0″ x 10′2″
Primary Bedrm
10′7″ x 11′0″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
For Sale Nearby
Sold Nearby
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