Great opportunity to own a fully leased fourplex with reliable tenants and strong rentalincome. The property generates a total monthly income of $4,956, consisting of Unit 1 at$1,056/month including heat, Unit 2 at $1,200/month plus utilities, Unit 3 at $1,400/month plusutilities, and Unit 4 at $1,300/month plus utilities. Detailed financials are available byemail. The property also offers parking for 5-6 vehicles and a convenient location with only ashort commute to downtown and easy access to Highway 401. Don't miss this excellent investmentopportunity-call today to arrange your private showing. (id:28469)
Facts & features
Property
MLS® Number
X13874122
Property Type
Multi-family
Neighbourhood
Kingscourt
Community Name
Rideau
Amenities Near By
Public Transit, Place Of Worship
Community Features
School Bus
Equipment Type
None
Features
Level Lot
Parking Space Total
6
Pool Type
On Ground Pool
Rental Equipment Type
None
Structure
Porch
View Type
City View
Building
Bathroom Total
4
Bedrooms Above Ground
7
Bedrooms Total
7
Age
51 To 99 Years
Appliances
Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator
Basement Type
Full
Cooling Type
Window Air Conditioner
Exterior Finish
Brick
Fire Protection
Smoke Detectors
Foundation Type
Concrete
Heating Fuel
Oil
Heating Type
Forced Air
Size Interior
1,100 - 1,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Land Amenities
Public Transit, Place Of Worship
Sewer
Sanitary Sewer
Size Depth
165 Ft
Size Frontage
44 Ft
Size Irregular
44 X 165 Ft
Size Total Text
44 X 165 Ft
Utilities
Cable
Available
Electricity
Installed
Sewer
Installed
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$3,542/mo
Ontario land transfer tax
$12,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.