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$980,000
Available - For Sale
Listing ID: S9859924
Are you looking for a way to beat the market? Interest rates are continually dropping. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of real estate with not 1,not 2, but 6 sources of income! This property features 6 residential apartment units, a generously sized lot and healthy income with room for improvement. Net income is $5,531.93 per month. Mortgage estimated at $4,253.80. That is $1,278.13 positive cash flow every month. These calculations are based on a 3.99% interest rate and a 20% down payment. As rates drop the cash flow will increase. The units are currently renting at an average of $1,130 per month, well below market value. With the opportunity to renovate as tenants vacate these units are estimated to lease out at an average of $1,650 per month. That would increase cash flow by an astounding $3,120.00 per month! In total the net cash flow would be $4,398.13. Once this process is completed, there is the opportunity to refinance based on the increased cash flow. This would allow you to potentially pull equity from this property to acquire more real estate and continue growing. Investing in real property is one of the best strategies to protect your wealth and hedge against inflation. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. This information is included for example only and is not meant to be taken as financial, legal, or tax advice.We invite you to seek the advice of your mortgage broker, accountant, lawyer, and contractor to create a plan that works best for you. Minimum of 48 hours notice before all showings.
Price $980,000
Taxes: $3,666.24
Address: 6501 Highway 93 , Tay, L0L 1P0, Ontario
Lot Size: 82.51 x 187.01 (Feet)
Directions/Cross Streets: Hwy 93 & Vasey Rd.
Rooms: 18
Bedrooms: 7
Washrooms: 6
Kitchens: 6
Family Room: N
Basement: Unfinished
No. of Pieces Level
Washroom 1:  3
Property Type: Multiplex
Style: 1 1/2 Storey
Exterior: Stucco/Plaster
Vinyl Siding
Garage Type: None
(Parking/)Drive: Front Yard
Drive Parking Spaces: 6
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 3500-5000
Property Features: Clear View
Level
Wooded/Treed
Fireplace/Stove: Y
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Sewers: None
Water: Municipal
Utilities-Cable: Y
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: Y
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
IPRO REALTY LTD.

6501 Highway 93 , Tay, L0L 1P0, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Simcoe
Municipality: Tay
Neighbourhood: Waverley
Style: 1 1/2 Storey
Lot Size: 82.51 x 187.01(Feet)
Approximate Age: 100+
Tax: $3,666.24
Maintenance Fee: $0
Beds: 7
Baths: 6
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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