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Key Details
Sold Price $699,900
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,539 sqft
Price per Sqft $454
MLS Listing ID 40378265
Bedrooms 6
Year Built 1997
Annual Tax Amount $4,608
Lot Size 0.410 Acres
Property Description
***POTENTIAL FOR POSTIVE CASH FLOW PROPERTY, WITH RENT CONTROL EXEMPTION IN LOWER UNIT*** Looking for an income property to add to your portfolio? Or maybe a starter property to get in the market with some rental income to help with the mortgage? This is the one for you! This rare, fully completed legal duplex (2-3 bdrm, 2 bath units) sits on large rural lot just minutes from town. This fully renovated home sits on a 114 ft wide by 148 ft deep lot with 24 ft by 26 ft detached workshop for car enthusiast or hobbyist in addition, there is a double car garage attached to the home. Potential Rents: Upper Unit $2500 +utilities and Lower Unit: $2300 + utilities. Potential of Gross Rent of$56,700/annum, Estimated Expenses of $11,850/annum, and Estimated Net Income $45,750. Both units are vacant on closing. Add this unique property into your portfolio.
Location
Province ON
County Huron
Area South Huron
Zoning R-1
Rooms
Other Rooms Storage, Workshop
Kitchen 0
Interior
Heating Forced Air, Radiant Floor, Radiant
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Electric, Family Room
Laundry In-Suite, Multiple Locations
Exterior
Exterior Feature Private Entrance, Storage Buildings
Garage Attached Garage, Detached Garage, Built-In, In/Out Parking, Gravel
Garage Spaces 4.0
Waterfront No
View Y/N true
View Meadow, Pasture
Roof Type Asphalt Shing
Building
Lot Description Rural, Rectangular, Airport, Open Spaces, Place of Worship
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
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