Property Information:
Great Investment Property!!! Over $30000 per year rental income from both floors. !! Also...because it is a legal suite you can also use the income from it toward your mortgage qualifying income. A huge opportunity to own a large revenue property with immediate positive cash flow. This property offers multiple potential income streams - 2 complete, self contained units (basement suite is legal and registered with the city) just 2 blocks away from Quarry Park Shoping and the upcoming LRT line. The top unit is a 1514 sq ft 2 story with 3-bedrooms and 3-bathrooms. The main floor has 2 living rooms (1 for mom and dad and 1 for the kids to play), separate heating and laundry, a fenced back yard with dog run (and shed) and double attached (fully finished with workbench) garage. The legal basement suite features include: 695 square feet, 1 bedroom and 1 bathroom, huge kitchen, designated parking pad in the back, separate heat and laundry with separate entrance and fenced backyard (with shed).These are both well maintained units in excellent condition. Pro formas with current rental incomes are available on request. The current Property Manager has a solid relationship with the tenants and is willing to continue managing the properties. Tenants will stay until July 2024.
Inclusions: N/A
Building Features:
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Air Conditioning:
Yes
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Total Finished Area:
1514.93