Property

Ownership: For Sale
Type: Duplex
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C619,888
($448,724.53)
(€396,536.37)
Annual Taxes:C3,150
505 Park Ave, New York, NY 10022

Description

TWO-UNITS... Semi-detached House with SDU / Apartment in the basement - Turn key in KANATA! This is a semi-detached high-ranch style property with UP and DOWN units, with separate entrances and is easy to rent. FULLY RENTED. Both units were well-renovated in 2017. Current Gross income is $46,200/year and Operating expenses (not incl Maintenance and management) are low at $9,065 = $37,135 NOI. CHECK THE MARKET - this is a GEM investment property. Great opportunity to also live in one unit and rent the other... pay off a HUGE portion of your mortgage. TOP FLOOR UNIT has open kitchen and open living room and 2 bedrooms and 1 bathroom and an extra separate entrance. BASEMENT UNIT is a 2 bedroom and 1 bathroom and as you walk in has kitchen open to the living room - large windows and lots of light. BOTH UNITS have separate meters for heating the units (heat pump), AC and hydro. Units cooled with their own AC unit. Landlord pays water and sewer, insurance, property taxes. Property tax - $3150 in 2024. Both units share a common laundry room. Parking for 3-4 cars. A great way to own a FREEHOLD PROPERTY... the rental income helps tremendously. Call now to know more. Make it your retirement invest and a home, all in one! ***Offers presented Monday May 12 BUT seller reserves the right to review and accept preemptive offers

Amenities

  • In-Law Suite

TWO UNITS... Semi detached House with SDU Apartment in the basement Turn key in KANATA !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.