Orleans - Cumberland and Area K1E 1P1
Canada

Property

Ownership: For Sale
Type: Duplex
Rooms: 15
Bedrooms: 6 BR
Bathrooms: 3
Pets: No Pets Allowed

Financials

Price:C834,900
($604,100)
(€517,923)
Annual Taxes:C4,623.76
505 Park Ave, New York, NY 10022

Looking for a property with a LEGAL secondary unit ?

Description

Looking for a property with a LEGAL secondary unit? Live in one unit and help pay your mortgage with the other, or rent out both and enjoy the monthly cash flow! The upper unit offers 3 bedrooms, quartz countertops, SS appliances, in-unit stacked laundry and NO carpet to be found. The lower unit also offers quartz counters, in-unit stacked laundry and NO carpet. There's also an ensuite bath and walk-in closet for one of the 3 bedrooms, and a second full bath as well. SDU conversion completed in 2021 with 2 hydro meters, plumbing/electrical and HVAC updates. Sitting on a large 60 x 90 lot, the location is fantastic surrounded by schools and parks, and situated conveniently close to Place d'Orleans, transit/future LRT stop, highway access and all the amenities of Tenth line and Innes. Previous rents were $2600 and $2450/month with an annual NOI of $49,800 and 5.96% CAP rate. Both units are currently vacant so you can easily move in to either unit or set your own rents. A fantastic opportunity for whatever your plans are!!

Amenities

  • Accessory Apartment
  • Carpet Free
  • Deck
  • In-Law Suite
  • On Demand Water Heater
  • Separate Heating Controls
  • Separate Hydro Meter
  • Smoke Detector
  • Water Heater Owned

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.