This 6 unit townhome is currently under one ownership and is fully rented. Priced at $265,000 per unit this makes a great investment property. There is also a possibility of severing off units as investments which will increase their value and build instant equity. The seller does not warrant severance so Buyers are to do their own due diligence with the township to ensure severance's are obtainable. All units are 2 bedrooms with a 4 pc bath on the main level plus a recreation room and a 2pc bath in the lower level. All units also feature gas heat and central air & the tenants pay their own utilities. (id:28469)
Facts & features
Property
MLS® Number
X13703234
Property Type
Multi-family
Community Name
714 - Long Sault
Parking Space Total
2
Building
Bathroom Total
2
Bedrooms Above Ground
2
Bedrooms Total
2
Appliances
Water Meter
Architectural Style
Raised Bungalow
Basement Development
Partially Finished
Basement Type
N/a (partially Finished)
Cooling Type
Central Air Conditioning
Exterior Finish
Brick
Foundation Type
Concrete
Half Bath Total
1
Heating Fuel
Natural Gas, Other
Heating Type
Forced Air
Stories Total
1
Size Interior
5,000 - 100,000 Sqft
Type
Other
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
219 Ft
Size Frontage
219 Ft
Size Irregular
219 X 219 Ft
Size Total Text
219 X 219 Ft
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
$7,040/mo
Ontario land transfer tax
$28,275 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.