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36 Pearl Ave

Pearl Ave, Leamington, ON, N8H 1J7

6
Beds
2
Baths
1,999 - 2,499
Sq. Ft.
$549,900
List Price
Details
Photos
34
Comparables
History
36 Pearl Ave, Leamington, ON - 1 of 3
36 Pearl Ave, Leamington, ON - 2 of 3
36 Pearl Ave, Leamington, ON - 3 of 3
New
7 days on market

Quick Summary

  • Turnkey cash flow positive investment property
  • Boasts a high 9.5% capitalization rate
  • Basement apartment provides additional income
  • Fully renovated basement approximately 1 year ago
  • Clean and extraordinarily well maintained property
  • Outstanding family-friendly neighborhood location
  • Includes all existing appliances and window coverings
  • Tenants willing to stay or vacate for end user

Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo,... Show More

Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo (vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood. **** EXTRAS **** All Existing Appliances Including 2 x Fridges, 2 x Stoves, 1 x W/D. All Elfs And Window Coverings. (id:54626)

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Property Details

Size

1,999 - 2,499 sq. ft.
12 total rooms across 1 floor
6 Beds
4 Above Grade - 2 Below Grade
2 Baths
2 Full

Parking

4 Parking Spaces
Attached Garage

Lot

Size
720′0″ * 1500′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Brick
Foundation
-
Builder Name
-
Stories
1
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Rooms

Bathroom

5′5″ x 5′10″

Laundry room

8′8″ x 7′3″

Kitchen

9′10″ x 14′1″

Bedroom

9′8″ x 11′1″

Bedroom 2

23′4″ x 14′2″

Kitchen

11′10″ x 14′0″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X10426438
Last Updated
November 18, 2024
Brokerage
ROYAL LEPAGE YOUR COMMUNITY REALTY
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Call us 800-591-0566

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