DUPLEX REVENUE PROPERTY WITH POSITIVE CASHFLOW IN GROWING COMMUNITY WITH LOW VACANCY RATES
Great starter home with mortgage helper or rent both apartments and enjoy positive cashflow each month.
Older converted retrofit certified two story home in good condition; corner lot with separate driveways & entrances; all municipal services; building is currently occupied with good tenants.
MAIN FLOOR APARTMENT
spacious 3 bedroom; includes full basement for storage; attached garage; main floor laundry; paved private driveway; two private entrances; natural gas fireplace and electric baseboard heating.
UPPER FLOOR APARTMENT
2 bedroom unit; private driveway; private entrance; natural gas space heater and electric baseboard heating.
REVENUES AND OPERATING EXPENSES
total rent: $1350/mo
main floor apartment $850/mo; all utilities included in rent; all appliances owned by tenant; rent is month to month
upper floor apartment $500/mo; tenant pays hydro; some appliances owned by tenant; one year lease expires Oct/08
Call Kelly at 705-753-6719; Sturgeon Falls, $107,500 OBO; FSBO; NO AGENTS PLEASE
Property Features
External Facing: Vinyl Siding
Garage: Attached
Garage Spaces: 1
Driveway Details: two separate driveways
Parking Spaces: 4
Exposure: None
Location Details: Close to All Services
Property Costs
Property Taxes: $2,076 / year
Location Map
Map
Neighborhood Information
Street View
Property Summary
Property ID:
2234
Property Cat:
2 Storey Home
Property Type:
Homes
Beds:
5
Baths:
2
Size:
1,962 sq. ft
Lot Dimensions:
66 X 66
Land Transfer Tax Calculation Ontario
"The Land Transfer Tax in Sturgeon Falls, Ontario based on the selling price of $107,500.00 is $800.00."
* See the land transfer tax formula for Ontario
+ $0 to $55,000.00 - land transfer tax is 0.5% + $55,000.00 to $250,000.00 - land transfer tax is 1.0 + $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%
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