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$549,900
Available - For Sale
Listing ID: X11986207
This versatile multi-purpose residence in the West end of town offers incredible flexibility of ownership, whether for investment, multi-generational living, or economical homeownership. Currently set up as two self-contained rental suites, each unit features 2 bedrooms, a full bath, a formal living and dining room, a full kitchen, and in-unit laundry (washer only). With approximately 2,000 sq. ft. of total living space, a common side entrance leads to separate access for each unit, ensuring privacy. The upper unit is leased at $2,000/month with lease until November 2025, while the lower unit is vacant, previously rented for the same amount all-inclusive creating a potential gross rental income of $48,000 annually. The property boasts a large 164-ft deep fenced yard with a storage shed, parking for up to four vehicles, and is conveniently located on the City Bus route and close to town and highway, offering easy commuter access. Recent updates include newer roof shingles (2023), added laundry facilities and an owned hot water tank, with additional features such as vinyl windows, a forced-air gas furnace, and laminate flooring. Appliances for both units two fridges, two stoves, and two washers are included. Whether you choose to live in one unit while renting the other or lease both units for a solid investment return, this property is a fantastic opportunity. Immediate possession is available for the vacant unit, and detailed income/expense reports and floor plans are ready for review.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $53,950 $107,900 $161,850 $215,800
First Mortgage $1,025,050 $971,100 $917,150 $863,200
CMHC/GE $28,188.88 $19,422 $16,050.13 $0
Total Financing $1,053,238.88 $990,522 $933,200.13 $863,200
Monthly P&I $4,510.94 $4,242.33 $3,996.82 $3,697.02
Expenses $0 $0 $0 $0
Total Payment $4,510.94 $4,242.33 $3,996.82 $3,697.02
Income Required $169,160.27 $159,087.34 $149,880.89 $138,638.2

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PROALLIANCE REALTY

21 Pepper Aven , Belleville, K8P 4R2, Hastings

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MD Ashraful Bari
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Hastings
Municipality: Belleville
Neighbourhood: Belleville Ward
Style: Bungalow-Raised
Lot Size: x 167.65(Feet)
Approximate Age: 31-50
Tax: $3,891.31
Maintenance Fee: $0
Beds: 2+2
Baths: 2
Garage: 0
Fireplace: N
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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