Property

Ownership: For Sale
Type: Unknown
Bedrooms: 4 BR
Bathrooms: 2
Pets: Pets Allowed

Financials

Price:C549,900
($402,543.30)
(€344,136.46)
Annual Taxes:C2,734
505 Park Ave, New York, NY 10022

Description

Purpose built LEGAL duplex. Flexible possession. Excellent for the 1st time BUYER or investor AND its a great mortgage helper (cap rate of 5.78%) set your own rents. 2 separate hydro meters and panels ,1 gas meter with hot water heating, 1 water meter . This home is walking distance to Gage Park, Tim Hortons Field and to both Memorial Elementary School and Bernie Custis Secondary School. Seller has made some recent improvements: 1 gas boiler 15 yrs, newer floors on both levels, roof 2012. (rental income is projected, expenses are actual and water/sewer is estimated) , 1 laundry main floor(private) , all copper wiring, copper and plastic ABS plumbing, vinyl windows, fire proofing between both floors, main floor has access to backyard from inside, 2nd upper unit with complete separate entrance. parking for 1 car at front and oversized 1 car garage at the back through the laneway. Seller will accommodate the Buyer to rent out the units prior to closing. Using $1600 for upper unit and $1800 for main floor and basement. expenses are actual numbers. MOTIVATED SELLER

Amenities

  • Separate Hydro Meter

Purpose built LEGAL duplex.


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.