This all brick bungalow offers a strong investment opportunity with a flexible layout, two kitchens & rental income already in place on the upper level. The upper level features a bright kitchen with backsplash, living area, 3 bedrooms & a 4pc bathroom, currently rented for $1,991.98/month, with a rent increase scheduled for November 1st. The finished lower level with separate access is currently vacant & adds excellent versatility with its own kitchen, spacious living/dining area, 2 bedrooms, a 4pc bathroom & laundry area, providing an opportunity for a new tenant. Outside, the property offers driveway parking, a front entry, rear deck, spacious yard, mature trees & storage shed. Updates include upper level hardwood refinishing & painting in 2014, lower level fridge, stove, painting, flooring, lighting & bathroom in 2016, roof in 2019, washing machine in 2020 & electric hot water tank in 2024. A practical investment property with strong rental appeal & long-term potential. (id:28469)
Facts & features
Property
MLS® Number
X13709974
Property Type
Single Family
Neighbourhood
Polson Park
Community Name
18 - Central City West
Ownership
Freehold
Amenities Near By
Golf Nearby, Hospital, Park, Public Transit, Schools
Community Features
School Bus
Features
Irregular Lot Size
Parking Space Total
5
Building
Bathroom Total
2
Bedrooms Above Ground
3
Bedrooms Below Ground
2
Bedrooms Total
5
Appliances
Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Separate Entrance
Basement Type
Full, N/a (finished), N/a
Construction Style Attachment
Detached
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
1
Size Interior
700 - 1,100 Sqft
Type
House
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Land Amenities
Golf Nearby, Hospital, Park, Public Transit, Schools
Sewer
Sanitary Sewer
Size Depth
110 Ft
Size Frontage
60 Ft
Size Irregular
60 X 110 Ft
Size Total Text
60 X 110 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
$2,433/mo
Ontario land transfer tax
$7,465 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.