6 Bedroom
2 Bathroom
2,000 - 2,500 ft2
Bungalow
Window Air Conditioner
Forced Air
$449,900
Exceptional Duplex Investment Opportunity - 6.62% Projected Cap Rate! Whether you're an investor looking to expand your portfolio or a first-time buyer looking to offset your mortgage with rental income, this property offers excellent flexibility and income potential. Unit A is currently rented for $1,200/month, while Unit B was rented for $2,300/month earlier this year and is now vacant, providing an opportunity for immediate occupancy or a new tenant. At the asking price of $449,900, the property offers a potential gross annual rental income of $42,000 and a projected 6.62% capitalization rate based on the previous rental income of both units. An added bonus is the separate basement space for Unit B, which is already framed and ready for buyers to finish to their own taste, offering additional living space and future value-add potential. Live in one unit while the other helps offset your mortgage payments, or rent both units to maximize your investment potential. Whether you're entering the real estate market or adding to your investment portfolio, this is an opportunity worth exploring! (id:61594)
Property Details
|
MLS® Number
|
X13589488 |
|
Property Type
|
Multi-family |
|
Community Name
|
Sidney Ward |
|
Amenities Near By
|
Golf Nearby |
|
Communication Type
|
High Speed Internet |
|
Easement
|
Unknown |
|
Features
|
Wooded Area, Irregular Lot Size, Flat Site |
|
Parking Space Total
|
6 |
|
Structure
|
Porch |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Total
|
6 |
|
Age
|
31 To 50 Years |
|
Appliances
|
Dishwasher, Dryer, Stove, Washer, Refrigerator |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Partially Finished |
|
Basement Features
|
Walk-up |
|
Basement Type
|
Full, N/a, N/a (partially Finished) |
|
Cooling Type
|
Window Air Conditioner |
|
Exterior Finish
|
Aluminum Siding, Brick |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Propane |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Drilled Well |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Golf Nearby |
|
Sewer
|
Septic System |
|
Size Depth
|
282 Ft ,4 In |
|
Size Frontage
|
82 Ft |
|
Size Irregular
|
82 X 282.4 Ft |
|
Size Total Text
|
82 X 282.4 Ft|1/2 - 1.99 Acres |
|
Zoning Description
|
Rr |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Basement |
Utility Room |
2.27 m |
9.02 m |
2.27 m x 9.02 m |
|
Main Level |
Kitchen |
3.45 m |
3.21 m |
3.45 m x 3.21 m |
|
Main Level |
Living Room |
3.54 m |
6.16 m |
3.54 m x 6.16 m |
|
Main Level |
Primary Bedroom |
4.38 m |
2.58 m |
4.38 m x 2.58 m |
|
Main Level |
Bedroom 2 |
2.62 m |
4.55 m |
2.62 m x 4.55 m |
|
Main Level |
Bedroom 3 |
3.35 m |
2.46 m |
3.35 m x 2.46 m |
|
Main Level |
Bathroom |
2.62 m |
1.54 m |
2.62 m x 1.54 m |
|
Main Level |
Dining Room |
2.41 m |
1.91 m |
2.41 m x 1.91 m |
|
Main Level |
Living Room |
3.56 m |
6.17 m |
3.56 m x 6.17 m |
|
Main Level |
Primary Bedroom |
2.62 m |
4.57 m |
2.62 m x 4.57 m |
|
Main Level |
Bedroom 2 |
4.38 m |
2.55 m |
4.38 m x 2.55 m |
|
Main Level |
Bedroom 3 |
3.35 m |
2.45 m |
3.35 m x 2.45 m |
|
Main Level |
Bathroom |
2.63 m |
1.49 m |
2.63 m x 1.49 m |
|
Main Level |
Kitchen |
3.45 m |
3.14 m |
3.45 m x 3.14 m |
|
Main Level |
Dining Room |
2.41 m |
1.98 m |
2.41 m x 1.98 m |
Utilities
|
Cable
|
Available |
|
Wireless
|
Available |
|
Electricity Connected
|
Connected |
|
Natural Gas Available
|
At Lot Line |
https://www.realtor.ca/real-estate/30061328/370-meyers-creek-road-quinte-west-sidney-ward-sidney-ward
