For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $699,900
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,539 sqft
Price per Sqft $454
MLS Listing ID 40378265
Sold Date 06/25/23
Bedrooms 6
Abv Grd Liv Area 2,871
Year Built 1997
Annual Tax Amount $4,608
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Duplex Up/Down
Source Waterloo Region
Property Description
***POTENTIAL FOR POSTIVE CASH FLOW PROPERTY, WITH RENT CONTROL EXEMPTION IN LOWER UNIT*** Looking for an income property to add to your portfolio? Or maybe a starter property to get in the market with some rental income to help with the mortgage? This is the one for you! This rare, fully completed legal duplex (2-3 bdrm, 2 bath units) sits on large rural lot just minutes from town. This fully renovated home sits on a 114 ft wide by 148 ft deep lot with 24 ft by 26 ft detached workshop for car enthusiast or hobbyist in addition, there is a double car garage attached to the home. Potential Rents: Upper Unit $2500 +utilities and Lower Unit: $2300 + utilities. Potential of Gross Rent of$56,700/annum, Estimated Expenses of $11,850/annum, and Estimated Net Income $45,750. Both units are vacant on closing. Add this unique property into your portfolio.
Location
Province ON
County Huron
Area South Huron
Zoning R-1
Direction Richmond St (Hwy 4) and Huron Park Rd, south of Exeter and North of Lucan.
Rooms
Other Rooms Storage, Workshop
Basement Full, Finished
Kitchen 0
Interior
Interior Features Accessory Apartment, Central Vacuum, In-law Capability, In-Law Floorplan, Separate Hydro Meters
Heating Forced Air, Radiant Floor, Radiant
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Electric, Family Room
Fireplace Yes
Appliance Water Heater Owned
Laundry In-Suite, Multiple Locations
Exterior
Exterior Feature Private Entrance, Storage Buildings
Parking Features Attached Garage, Detached Garage, Built-In, In/Out Parking, Gravel
Garage Spaces 4.0
View Y/N true
View Meadow, Pasture
Roof Type Asphalt Shing
Porch Deck, Patio, Porch
Lot Frontage 114.0
Lot Depth 148.0
Garage Yes
Building
Lot Description Rural, Rectangular, Airport, Open Spaces, Place of Worship
Faces Richmond St (Hwy 4) and Huron Park Rd, south of Exeter and North of Lucan.
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 1
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Ownership Freehold/None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION