Welcome to 1512 Blackheath, a legal duplex offering an excellent investment opportunity with two spacious, self-contained units, separate entrances, and no rear neighbours.The upper Unit A features 2 bedrooms, 1 full bathroom, in-unit laundry, a private separate entrance, and a functional, comfortable layout. Current rent is $2,416/month, utilities included. The lower Unit B also offers 2 bedrooms, 1 full bathroom, its own in-unit laundry and separate entrance, providing excellent privacy and convenience. Currently rented for $1,950/month, utilities included. The owner pays the utilities for both units. Combined scheduled gross rental income is approximately $4,366/month or $52,392 annually.With two fully independent units, separate entrances, separate laundry facilities, and a desirable setting with no rear neighbours, this legal duplex presents a great opportunity for investors or buyers looking for additional rental income. The anticipated vacancy of the upper unit also provides flexibility for a future owner to re-rent or occupy the unit, subject to applicable tenancy requirements. (id:28469)
Facts & features
Property
MLS® Number
X13706542
Property Type
Single Family
Neighbourhood
Queenswood Heights
Community Name
1102 - Bilberry Creek/Queenswood Heights
Ownership
Freehold
Amenities Near By
Public Transit, Park
Equipment Type
Water Heater - Gas, Water Heater
Parking Space Total
7
Rental Equipment Type
Water Heater - Gas, Water Heater
Building
Bathroom Total
2
Bedrooms Above Ground
2
Bedrooms Below Ground
2
Bedrooms Total
4
Age
51 To 99 Years
Amenities
Fireplace(s)
Appliances
Garage Door Opener Remote(s), Water Meter, Dishwasher, Dryer, Hood Fan, Two Stoves, Two Washers, Two Refrigerators
Architectural Style
Bungalow
Basement Development
Finished
Basement Type
Full (finished)
Construction Style Attachment
Detached
Cooling Type
Wall Unit
Exterior Finish
Brick, Aluminum Siding
Fireplace Present
Yes
Fireplace Total
1
Foundation Type
Concrete
Heating Fuel
Natural Gas
Stories Total
1
Size Interior
700 - 1,100 Sqft
Type
House
Utility Water
Municipal Water
Parking
Attached Garage
—
Garage
—
Land
Acreage
No
Fence Type
Fenced Yard
Land Amenities
Public Transit, Park
Sewer
Sanitary Sewer
Size Depth
100 Ft
Size Frontage
70 Ft
Size Irregular
70 X 100 Ft ; 0
Size Total Text
70 X 100 Ft ; 0
Zoning Description
Residential
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.